ROSELAND, N.J., Nov. 21, 2013 /PRNewswire/
-- ADP®, a leading global provider of Human Capital
Management (HCM) solutions, today announced further enhancements to
its TotalSource® solution to help small and midsized
businesses manage compliance and avoid penalties associated with
the Affordable Care Act (ACA). Since TotalSource's initial release
of the dashboard in February 2013,
ADP has continued to refine and enhance the solution as additional
ACA information and guidance has become available.
To view the multimedia assets associated with this release,
please click:
http://www.multivu.com/mnr/64458-adp-helps-businesses-manage-aca-compliance-and-avoid-penalties
"Our clients are eager to understand and comply with the
Affordable Care Act and all regulations that govern them," said
Dave Imbrogno, senior vice president of service and operations
at ADP TotalSource. "As a professional employer organization (PEO),
TotalSource is uniquely positioned to help businesses because we
manage the human resource and benefits administration of our
clients, enabling us to offer innovative analytics tools to help
them make smarter workforce planning and compliance decisions."
"With the changes in the healthcare environment, I needed to
have somebody who was more aware of what was going on than I did,"
said John Roeser of Chicago-based Roeser's Bakery, which
celebrated its 100th anniversary in 2011. Roeser,
an ADP TotalSource client, added: "I do my better work right here
in the shop. That's how we make our money. I don't need to be a
401(k) administrator, and I don't need to be a healthcare
administrator with TotalSource."
The recently enhanced ACA dashboard is centered on three
pillars that make it possible for clients to proactively stay
compliant with ACA mandates in real time:
- Applicability: TotalSource allows employers to determine
if the compliance requirements for ACA shared responsibility
impacts them by assessing their workforce. The Full-Time
Equivalency (FTE) Calculator portrays the annual number of
full-time and full-time equivalent employees, including an
assessment of hours credited—helping employers understand if they
are an "applicable large employer" (ALE).
- Eligibility: The updated dashboard allows employers to
proactively track and manage their workforce and provides
individual views of employees' ACA benefits status and hours
credited to determine full-time status. It also provides visual
alerts that let employers know when they may be subject to
penalties (and the potential cost of the total penalty) for
non-compliance.
- Affordability: The updated dashboard enables employers
to assess affordability of coverage through historical data (Box 1
of W-2 earnings), or forecast affordability based on rate of pay to
ensure the premium does not exceed 9.5 percent of the employee's
taxable income.
ADP TotalSource is the nation's largest PEO, operating more than
50 offices in 28 states and in the District of Columbia, with approximately
300,000 worksite employees in all 50 states. Businesses
taking advantage of ADP TotalSource's PEO services are assigned an
experienced TotalSource Human Resource Business Partner who leads a
team of experts drawn from human resource management, employee
benefits, payroll services, risk management and regulatory
compliance.
To learn more about how ADP TotalSource helps Roeser's Bakery
comply with complex regulations, including the ACA, click here or
visit: http://www.youtube.com/watch?v=YTZ7vQOFP5I.
For more information about ADP TotalSource, please call
1-800-HIRE-ADP (800-447-3237) or visit www.adptotalsource.com.
About ADP
With more than $11
billion in revenues and more than 60 years of experience,
ADP® (NASDAQ: ADP) serves approximately 620,000 clients
in more than 125 countries. As one of the world's largest providers
of business outsourcing and human capital management solutions, ADP
offers a wide range of human resource, payroll, talent management,
tax and benefits administration solutions from a single source, and
helps clients comply with regulatory and legislative changes, such
as the Affordable Care Act (ACA). ADP's easy-to-use solutions
for employers provide superior value to companies of all types and
sizes. ADP is also a leading provider of integrated computing
solutions to auto, truck, motorcycle, marine, recreational vehicle,
and heavy equipment dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's website at
www.adp.com.
For more information, contact:
Jim Duffy
ADP
(973) 712-2070
Jim.Duffy@ADP.com
SOURCE Automatic Data Processing, Inc.