Some human resources departments may not have the staff or expertise to run effective compensation and benefits programs, or are unsure whether their plans meet Internal Revenue Service (IRS), Department of Labor (DOL), or Employee Retirement Income Security (ERISA) rules and regulations.

A&M has compensation, benefits and payroll operational experts that can step in and provide immediate assistance while a long-term solution is identified. Our expertise with various payroll and service provider systems means that you will not have to worry about continuity gaps.

A&M’s Compensation and Benefits Outsourcing services allow clients to effectively manage important human resources functions like 401(k) plans, open enrollment for health benefits, annual merit pay cycles, and employee bonus and equity compensation plans. 

Companies both big and small can benefit from outsourcing their compensation and benefits programs. We help smaller organizations who don’t have the resources to effectively operate these programs or ensure they comply with all tax and labor regulations, and larger companies that need specialized technical assistance.

A&M’s team of compensation and benefits administration experts allows your company to continue to attract, motivate, and retain top talent while ensuring compliance and mitigating administrative risk.

People are a company’s most valuable resource. When you need to provide excellent compensation and benefits to your employees at any point in your business’s life cycle, you can feel confident outsourcing part or all of the work to A&M.

A variety of plan services can help organizations effectively manage compensation and benefits programs. Some of our solutions include: 

• Payroll Administrative Support
• Incentive Plan Administration
• Equity Plan Administrative Support
• Benefit Plan Administration
• Compensation Plan Communications
• Retirement Plan Reporting
• Compensation Structure Administration
• Employee Surveys
• Employee Relations
• Performance Reviews
• Employee Handbook Updates, Creation, and Rollout

What Are the Benefits of Outsourcing Compensation and Benefits? 

A&M believes in developing customized solutions for companies that need help managing their compensation and benefits programs. Often, outsourcing part or all of the work can help HR professionals reduce time and effort on administrative tasks and free them up to focus on HR strategy initiatives. By outsourcing compensation and benefits functions, clients can: 

• Reduce costs: Our Compensation and Benefits Outsourcing solution can often be cheaper than hiring full-time, in-house personnel, especially if the client needs A&M to play a small role, such as run their health and wellness enrollment. 
• Mitigate risk: Compensation and benefits plans have a high level of technical complexity and are governed by IRS, DOL, and ERISA regulations. If the plans aren’t handled correctly, there could be expensive consequences. Our technical expertise can make sure the plans are executed correctly. 
• Build confidence in the plans: A client who may be worried about whether they have the right plans or are administering them with regulatory compliance can rest assured that A&M’s team of experts are adept at spotting problems, fixing issues, and adding value. 

Why Should You Use A&M’s Compensation and Benefits Outsourcing Services? 

Our broad expertise in administering human resources plans means clients can maximize benefit offerings, improve cost effectiveness, and meet compliance goals. Additionally, we help clients by providing:  

• Operational expertise: Our technical and administrative experience at large organizations can help clients meet compensation and benefit plan challenges in ways other advisory services cannot. 
• Technical experience: Our team is focused on compensation, retirement, health, and payroll planning and execution every day. Our team is made up of attorneys, certified public accountants (CPAs), and other HR experts, many of whom have filled in-house roles at various companies.

Did you know?

Twenty-six percent of organizations worldwide say they fully outsourced their payroll function in 2019, up from only eight percent in 2015. 

Source: statista

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