Consulting & Administration Services

Today's highly competitive environment forces many organizations to search for the most cost effective way to provide employee benefits. The benefits package should meet both the goals of the organization and the needs of its employees. This requires careful planning, by analyzing and reviewing the organizational structure and capabilities. Many organizations find that outsourcing this service to trained professionals like us is the most effective way of accomplishing this task. New York Staffing Services, Inc., consults on a broad range of issues related to the overall management of employee benefit programs. We help inform our clients, thus allowing them to make well-informed decisions regarding their employee benefit plans. Our services range from single purpose studies to long-term plan management and include the following key areas:

Executive Benefit Strategy

• Establishment of Benefit Objectives
• Replacement of Income Analysis
• Peer Company Analysis
• Coordination of Compensation/Benefit

Benefit Plan Design

• Revalidation of Plan Objectives
• New Plan Design
• Conversions of Cash Balance
• Peer Company Analysis
• Consolidated Communications

Benefit Security Analysis

• Establishment of Security Objectives
• Financial Objectives
• Alternative Comparison: Qualitative and Quantitative
• Management Recommendations
• Peer Company Analysis

Funding Implementation

• Selection of Money Managers, Trustees, Insurance Carriers
• Request for Proposal, Design and Evaluation
• Direct Placement of Products
• Implementation of Products
• Funding Administration
• Asset/Liability Matching
• Annual Audit/Reconciliation
• Yield/Duration Optimization

Benefit Administration

• Customization of Participant Statements
• Calculations of Contribution & Distribution
• Output of Disbursement Checks and Tax Withholding Amounts
• Enrollment Services
• Design of Executive Benefits Strategy and Plan
• Planning of Documents
• Tax Reporting
• SEC Reporting
• Daily, Monthly, Annual Evaluations

All of New York Staffing services are performed on a fee-for-service basis to ensure the proper focus. All of our compensation is paid directly from our clients and is not based upon any one particular product, vendor, or service. Because we use an objective approach, we are considered a reliable source of analysis and advice in the marketplace. We strive to be a partner to our clients, not a vendor.