Online Benefit Statements

Oftentimes employees do not have a clear idea of the value of company benefits. Though the average employer may pay as much as 38% of their payroll in benefits, the average employee may not fully understand the benefits they receive and the contributions made by the employer.

Wages PlusTM was created to make it easier for employers to communicate this value. Wages PlusTM can be easily customized:

  • Create Statement sections most relevant to your circumstances.
  • Create the most appropriate menu titles.
 
Resources
  • Decide on the graphic "look and feel" of the Compensation Summary.
  • Decide what information will appear on each page.

A company may want a Welcome Letter from the CEO, explanations of how the statement was prepared, a detailed listing of benefits and contributions made by the employer and the employee. Each can be quickly and easily created.

Benefit statements are personalized, reflecting the precise benefits that were provided, and the contributions made by the company, and by the employee if desired. Once a user name and password is entered, the employee is presented with a wide range of information, including a Total Summary Compensation Statement that can include the following:

  • Salary, Commissions and Incentives.
  • Employer and employee contributions for Health, Life, and Voluntary Benefits.
  • Employer and employee contribution for pensions, 401(k), and profit sharing.
  • Employer and employee contributions for Social Security, Medicare, FUTA, SUTA and workers compensation.
  • The value of holidays, vacation days, and sick leave.

Other sections will identify the employee elections for health, life, voluntary, and retirement benefits, including the coverage types they have selected, the insurance carrier they have chosen, and their monthly premiums.

Hosted by BND, no software or hardware purchase is necessary. Using a web browser, user name and password, each employee can see their benefit statements whenever they like.


Download, then Print Your Statement

Wages PlusTM includes a special feature where each employee can review their online benefit statement, then convert it to a PDF, download it, and print it. The document will contain all of the information contained in the online benefit statement.


To see the features available through WagesPlus, try our DEMO

 

BND Software... Turning Ideas Into Solutions!

 
© 2008 BND Software. All rights reserved