“They take care of everything, we were lucky to have found Custom Benefit Services.”Linda K. Green
Company Owner
Vacaville, CA
Q: Is there a fee for implementing the Production Incentive Program?
A: The following is a break down of the PIP fee schedule.
Fee Schedule: Year 1 |
|
| Initial Setup Fee | ……$500 |
| 01 – 50 participants | ……$20.00 per person |
| 51 + | ……$5.00 per person |
Fee Schedule: All Remaining years |
|
| 01 – 50 participants | ……$20.00 per person |
| 51 + | ……$5.00 per person |
The initial setup fee of $500 is made payable to Custom Benefit Services, LLC within 30 days of your company’s PIP plan approval.
The additional balance will be billed after the completion of the initial enrollment period and is based on the number of participants who have joined the company’s PIP.
Plans are then billed annually on the anniversary date of the company’s PIP inception date every year thereafter.
Q: What does the administration fee pay for?
A: At Custom Benefit Services we are always looking for ways to help our clients and improve on the services we offer. Custom Benefit Services was developed to offer the following services in conjunction with your PIP plan fee:
- Administrative support
- Contribution tracking
- Enrollment processing
- Contract correspondence
- Internet identity and support
- Customized PIP identity and recruiting materials
- Flexible benefit reports via PIP Administrative Assistant
- Toll free support at 866-469-4274
Q: What happens if I choose to discontinue the PIP?
A: The PIP is extremely flexible. The terms of how to proceed once the PIP has been discontinued, or should the company become insolvent, or be sold, are all real life scenarios. There are several options available, and the decisions of how to proceed is left to the discretion of the company’s decision makers. For more information please contact your local financial professional.
Q: How do I find out more information about the PIP?
A: You can contact Custom Benefit Services by phone or email at:
Toll Free at 866-469-4274
Or