PowerFlex Software
    - The Trusted Choice Among Third Party Administrators

Income Potential as a Third Party Administrator

Do you have small business clients who still don't have a flexible spending account plan? Are both you and your clients aware of the need for a flexible spending account plan, but unsure of how to go about implementing one?

As a third-party administrator (TPA) for your clients, you might charge $1.00 per employee per month for "premium-only" (POP) plan administration. (Premium-only Plans are an arrangement where only the employee's health and life insurance premiums are deducted from his/her paycheck on a pre-tax basis.)

If the employee also elects to have out-of-pocket medical and dependent care costs deducted from his/her paycheck on a pre-tax basis (a full fledged Flex Plan), administrators typically charge $3.00 to $7.00 per employee per month.

Therefore, if you administer the plans for 1,000 participants, your revenue can be anywhere from $3,000 to $7,000 per month. There is no limit to the number of employees and companies you can administer to with PowerFlex Software. To simplify this even more, PowerFlex Software can be installed on your network so that multiple users can enter data, look up account balances, and print reports for any employee in any company.

PowerFlex Software Can Work For You!

With PowerFlex Software your overhead expenses as a TPA are minimal. Experience has shown that by using PowerFlex Software, one full-time data-entry person is all that is required for approximately every 5,000 plan participants. Any other minor costs can be included in the administration fees you charge.

Download your free demo version of PowerFlex Software today and embark upon a win-win business arrangement with all of your clients!