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FDP Corp.
2140 S. Dixie Highway, Miami,
Fla. 33133; 800-337-2677 or 305-858-8200; fax: 305-854-6305
Benefit systems since: 1968.
Software systems:
*Easy Laser 5500/SAR Forms.
Price: $595 to $995.
System requirements: IBM compatible PC; DOS or Windows platform.
Customization optional.
First Installation: 1985.
Benefits managed: IRS forms.
Features: Uses automatic calculations, data merge ability and year-to-year data mapping to generate completed laster printed 5500 and related forms and reports; provides IRS help screens and edit checks; electronic filing available.
*FDP/125 (Cafeteria Plan Enrollment & Administration System).
Price: $1,995 to $5,000.
System requirements: IBM compatible PC; DOS platform.
Customization optional.
First Installation: 1987.
Benefits managed: Flexible benefits.
Features: Feasibility testing, enrollment and administration for all phases of Section 125/cafeteria plans; what-if scenarios for onsite enrollment; tax savings for employer and employee; check writing; discrimination testing and full rollback capabilities. Options include a cafeteria plan document module.
*FDP/PEN.
Price quoted individually.
System requirements: IBM compatible PC; DOS or Windows platform.
Customization optional.
First Installation: 1984.
Benefits managed: 401(k) plans, profit sharing, retirement/pensions.
Features: Proposal and administration of defined benefit and defined contribution plans, including 401(k), age-weighted and ESOPs; handles non-insured, insured and self-insured plans; computes solutions for specific cost goals, formulas and Keough salaries; includes discrimination tests and other compliance features. Benefit communication features include computer printouts. Optional modules available.
User support: User groups/meetings, onsite training, telephone assistance 10 hours per day*.
Staff: 300 total, 250 professionals.
Clients: 2,000 total. Sold systems to 200 clients in 1996.
1996 revenues: $26.4 million total. $5 million from employee benefit information systems sales and services, 85% from software sales, 15% from software services.
Officers: Michael C. Goldberg, president; Doug Kennedy, executive vp; Chris Stroud, Ed Pick, Richard Fleischman, Beverly Price, Kathy Muro, vps; Cindy Goldberg, secretary/treasurer.
Contact: Chris Stroud, vp-pension marketing.
**Included in system price.
FACTS Services Inc.
1575 San Ignacio, Suite 406, Coral Gables, Fla. 33146; 305-284-7400;
fax: 305-661-6710Benefit systems since: 1981.
Software systems:
*FACTS.
Price quoted individually.
System requirements: DOS, Windows 95, Windows NT or UNIX platform; Mono, VGA or SVGA video; multiple user; network operating systems supported include Novell Netware, NFS and Windows NT; database management systems supported include PICK.
Online system.
Internet/intranet access.
Customization optional.
First Installation: 1981.
Benefits managed: COBRA, group health plans.
Features: Enrollment, eligibility verification, claims management, medical coding/undbundling, health plan provider contract management, ad hoc/standard reporting and analyses, correspondence generator, cost containment, health care preauthorization, utilization review, medical case management, capitation, accounting, disability. Benefit communication features are optional. Options include integrating with other FACTS software.
*FACTS 125.
Price quoted individually.
System requirements: DOS, Windows 95, Windows NT or UNIX platform; Mono, VGA or SVGA video; multiple user; network operating systems supported include Novell Netware, NFS and Windows NT; database management systems supported include PICK.
Online system.
Internet/intranet access.
Customization optional.
First Installation: 1981.
Benefits managed: Flexible benefits.
Features: Enrollment, eligibility verification, claims management, health plan provider contract management, correspondence generator, discrimination tracking, accounting, automatic evaluation compliance. Benefit communication features are optional. Options include integrating with other FACTS software.
*FACTS COMP with Integrated Managed Care.
Price quoted individually.
System requirements: DOS, Windows 95, Windows NT, or UNIX platform; Mono, VGA or SVGA video; multiple user; network operating systems supported include Novell Netware, NFS and Windows NT; database management systems supported include PICK.
Online system.
Internet/intranet access.
Customization optional.
First Installation: 1981.
Benefits managed: Group health plans, workers compensation.
Features: 24-hour coverage; eligibility verification; claims management; medical coding/undbundling; health plan provider contract management; ad hoc/standard reporting and analyses; integrates claims processing routines for medical, indemnity, vocational rehabilitation, lump sum settlements, legal and miscellaneous expenses; experience modifiers; lost time tracking; procedure fee schedules; automated calculation of compensation rates; diaries; correspondence generator; enrollment; health care preauthorization; utilization review; medical case management; cost containment; accounting; disability. Benefit communication features are optional. Options include integrating with other FACTS software.
*FACTS Managed Care Suite.
Price quoted individually.
System requirements: DOS, Windows 95, Windows NT or UNIX platform; Mono, VGA or SVGA video; multiple user; network operating systems supported include Novell Netware, NFS and Windows NT; database management systems supported include PICK.
Online system.
Internet/intranet access.
Customization optional.
First Installation: 1981.
Benefits managed: Group health plans.
Features: Managed care processing, eligibility verification, claims management, medical coding/unbundling, health plan provider contract management, correspondence generator, enrollment, health care preauthorization, utilization review, medical case management, cost containment, accounting, disability. Benefit communication features are optional. Options include integrating with other FACTS software.
User support: User groups/meetings, onsite training, online support, telephone assistance eight hours per day.
Staff: 25 total, all professionals.
1996 revenues: $4.75 million total.
Officers: Robert S. Graham Jr., president; David L. Graham, vp; Jose Lopez, vp-sales; Jane Whitelock, marketing manager.
Flex Compensation Inc.
10405 Sixth Ave. N., Suite 170, Plymouth, Minn. 55441; 612-544-8332; 612-544-8287Benefit systems since: 1986.
Software systems:
*FLEXADMIN-Spending Account
Administration.
Price: $1,495. Quoted individually.
System requirements: 386 PC; DOS or Windows 3.1 platform; 4MB RAM, 5MB hard disk; VGA video; single or multiple user; network operating systems supported include Novell Netware; database management systems supported include FoxPro.
First Installation: 1986.
Total installations: 270 in employee benefit departments.
Benefits managed: Flexible benefits.
Features: Maintains participant records for health and dependent care accounts for two plan years simultaneously, processes deposits, edits and adjudicates claims, prints checks/EOBs, direct deposit capability, ASCII import/export for payroll/HRIS interface. Multiple company processing optional.
User support: Onsite training, telephone assistance eight hours per day*, reimbursement administration guidebook*, periodic newsletter legislative updates*.
Staff: Nine total, all professionals.
Clients: 270 total, all benefit departments. Sold systems to 17 clients in 1996.
Officers: Gary Bohline, president; Allison Hendrickson, vp.
Contact: Allison Hendrickson, 800-333-5597.
**Included in system price.
Foundation Technologies Inc.
1 Kendall Square, Suite 2200, Cambridge, Mass. 02139; 617-720-2760; fax: 617-720-4153
Benefit systems since: 1989.
Software systems:
*Beneflex Software.
Price quoted individually.
System requirements: 386 PC; Windows 3.1 and above platform; 8MB RAM, 30MB hard disk; VGA video; multiple user; network operating systems supported include Novell Netware; database management systems supported include Oracle, Sybase, NT SQL and dBASE.
Online system.
Internet/intranet access.
Customized system.
First Installation: 1989.
Benefits managed: 401(k) plans, flexible benefits, workers comp, disability, leave of absence, COBRA, group health plans, profit sharing, life insurance, retirement/pensions, social security benefits, health and welfare, defined benefit.
Features: Assists administrative staff in answering questions from a customized call center; provides participant-specific answers to employee questions via corporate Intranet; hierarchical and key word search to desired topics for easy to read, understandable answers; reporting capability; integrates with interactive voice response/call tracking systems, plan administration systems and other databases. Benefit communication features include optional interfaces to other applications.
User support: Onsite training*, telephone assistance 24 hours per day*.
Officers: Tod Loofbourrow, president/CEO.
Contact: Peter Damon, marketing director.
**Included in system price.