Paradigm Business Solutions, LLC Denver Public Schools Creative Flex Plan Setup Presented to ROMLUG...
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![Page 1: Paradigm Business Solutions, LLC Denver Public Schools Creative Flex Plan Setup Presented to ROMLUG September 12, 2002.](https://reader035.fdocuments.in/reader035/viewer/2022062407/56649d965503460f94a7edc2/html5/thumbnails/1.jpg)
Paradigm Business Solutions, LLC
Denver Public SchoolsCreative Flex Plan Setup
Presented to ROMLUGSeptember 12, 2002
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Presenters
Lita Weinstein, Denver Public Schools
Lisa Schroeder, Paradigm Business Solutions, LLC
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Paradigm Business Solutions, LLC
Combined service organization consisting of Paradigm Business Solutions, LLC established in 1998 and Bails and Associates, Inc. established in 1997
Lawson endorsed merger effective 9/1/02 Existing Lawson business partner offering
full solutions: HR Suite, Financials, Procurement, Supply Chain and Technical Resources
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Paradigm Differentiators Paradigm is majority female owned Paradigm resources are 100% highly
skilled, senior level, heavily experienced and many maintain “Top Secret” clearance
Paradigm is 100% dedicated to Lawson
Paradigm resources reside in more than nineteen states across the U.S.
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Paradigm Differentiators contd.
Paradigm is small and flexible - management decision makers are easily accessible
Paradigm has a client base of 100% reference-able clients including many vocal supporters in Public Sector, Healthcare, Retail and Professional Services
Paradigm has a proven track record as a business partner working with other partners and vendors
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Flex Benefits Overview
• DPS Flex Plan Design• Advantages of DPS Flex
Plan• Example Setup• Considerations• Questions
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DPS FLEX PLAN HISTORY
Original Flex Plan for Administrators only
Utilized Lawson’s Flex Plan Setup Total Manual Process July 2002- Flex Plan included 4500
Teachers Manual Process had to be
eliminated
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DPS Flex Plan Design
Not Setup as a “Flex Plan”
The only plans that are “flex plans” are Spending Accounts (Plan Type RS). These are flagged on BN08 as spending account only.
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Design Overview Cont.
Standard Time Record for Flex Dollars
• Flex Dollars are after-tax. Deductions for Health, Dental,
Vision, TSA, and Flex spending accounts are pretax.
After-tax deductions can also be made from flex dollars e.g. Disability, Employee Life, and Dependent Life.
Extra flex dollars would be paid on an after-tax basis.
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Example 1
All Flex Credits spent on Health, Vision, and Dental
• EE receives $232.28 flex credits based on employee group through a standard time record.
Monthly Salary = $3000 Health Pretax Ded = $200
Monthly Flex $ = $232.28 Dental Pretax Ded = $26.07
Total Earnings = $3232.28 Vision Pretax Ded = $6.21
Total Pretax = $232.28
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Example 2
All Flex Credits Are Not spent on HealthVision and Dental, but used in TSA or
FSA• EE receives $232.28 flex credits based on
employee group through a standard time record.
Monthly Salary = $3000 Health Pretax Ded = $200
Monthly Flex $ = $232.28 Dental Pretax Ded = $0Total Earnings = $3232.28 Vision Pretax Ded = $0
Health FSA Ded= $32.28
Total Pretax = $232.28
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Example 3
All Flex Credits Are Not Spent• EE receives $232.28 flex credits based on
employee group through a standard time record.
Monthly Salary = $3000 Health Pretax Ded = $0Monthly Flex $ = $232.28 Dental Pretax Ded = $0Total Earnings = $3232.28 Vision Pretax Ded = $0
Health FSA Ded= $208.33
Total Pretax = $208.33
Employee receives $23.95 Flex CashTaxable Wages = $3023.95
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Advantages
• DPS setup is independent of Lawson’s “Flex Plan” design
• Less Data Entry• No Multiple Flex Period Issues• Do not have to Stop Date Benefits • No additional rate tables required• Flex dollars are driven by
paycode
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Advantages Continued
• No required benefit enrollment order
• Employee Self Service Compatible
• Automation Rules work well• Can use same benefit plan for
both employees who receive and who do not receive flex credits
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Set Up Tasks
1) PR20 – Flex Pay Code2) HR55 – Flex Employee Group3) PR30 – Standard Time
Record4) Benefit Plan Modification or
New Plan Set up.
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Flex Pay Code1) Set up Pay Summary Group
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Pay Code Set Up2) Set up Pay Code
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Employee Group1) Define Group
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Employee Group2) Define Group Criteria3) Run HR155 to Update Group
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Set Up Standard Time Record
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Benefit Plan Set Up
• Benefit Plan is not flagged as flex plan on BN15
• Flex plan is not set up on BN08• Employees are not set up for flex credits
on BN45 • One rate table is used for all employees
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Benefits Enrollment Notes
• New Enrollment - Enter Benefits on BN31.2
• It is not necessary to re-enroll each year• Life Event – Change only effected
benefit(s) on BN32• Self Service Open Enrollment –will guide
employees through their current benefits. Employees will only need to re-enroll in benefits they want to change or add.
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Considerations
• Amount of Flex Dollars can be different for each Employee Group
• Cash back option • Flex Dollars will not show on
employee self service without modification
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Questions?
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Thank You