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How does this work for my company?
Each employee gets a fixed monthly ZaneHRA allowance
Unspent allowances can accrue for future healthcare expenses or retirement
Employees choose their own personal health policy
Personal policies are permanent, portable and typically cost 1/2 the cost of group
coverage
Employees are reimbursed, tax-free through ZaneHRA
ZaneHRA Reimbursements cover personal health insurance premiums
and other medical expenses not covered by health insurance
Pinnacle Payroll Solutions has partnered with FinFit to provide a comprehensive Financial Wellness Program offering a variety of tools and education to assist employees in meeting their financial goals. Resources are provided to address a wide range of items from budget building and retirement planning to identity theft and various money saving methods. Additionally, FinFit Loans offers low-cost, short-term financial assistance to employees experiencing substantial challenges.
Best of all, there is no cost or risk to your business and all basic FinFit financial tools and educational materials are FREE to employees!
Benefits to Employers:• Increases Employee Productivity
• Valuable Demographic Reporting
• Reduces 401(k) Account Borrowing
• Eliminates the Need for Salary Advances
• Promotes Employee Retention
• A Valuable Recruitment Aid
Benefits to Employees:• Assesses Current Financial Health
• Customized Financial Tools & Education
• Maps a Path to Reach Financial Goals
• Provides the Resources to take Control Today
• Short-Term Loan Program
• Less Stress = Happy & Productive Employees

░░░░░░ View Larger Image ░░░░░░ Pinnacle offers a complete 401(k) management system built into Millennium. The system provides for the ability to capture contributions, match them, and process them via an agency check (either in check or ACH transaction format). It could be anything from a voluntary deduction that’s been setup at a company level where it becomes defined, to employee setup where it gets withheld from participating employees.
The system contains setup screens, which allow the company to define certain things:
• Available status codes for plan participation
• Fund setup with description
• 401(k) match calculations (usually scripted in VBA)
vContribution source definition
At an employee level, the system also captures those employees who are highly compensated: an owner (and at what percent), and owner related social security number for discrimination testing purposes by the third party administrator of your choosing.
Finally, a 401(k) file containing new employee enrollment data as well as periodic contribution data can be programmed to meet your exact specifications.
Benefits the Company• Fast and easy online plan set-up and installation
• Low set-up and annual administration fees
• Online Administrative Guide, SPD, & Highlights
• Automatic, online, non-discrimination testing
• Signature ready, IRS form 5500
• IRS 1099R report issued and filed automatically
• Online payroll processing of contributions
• Online access to plan & employee information
• Online loan, distribution and rollover request, approval and processing
• ExpertPlan phone support for Plan Administrator
Empowers the Employee• Online enrollment in minutes
• Full access and interactive control of their individual accounts, 24 hours a day, for monitoring, adjusting contributions, investment allocation, and requesting distributions and loans
• 24-hour account access via the phone, and using state of the art, speech recognition
• Daily account valuations
• Unlimited account transfers and reallocations, all online
• Online educational tools, such as a retirement plan calculator and a retirement information library