Diversified Investment Advisors Partners with FlexBen Corporation to Offer Integrated Health and Welfare Administration Program.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--Jan. 12, 2004 Diversified Investment Advisors History Established as a division of the original MONY (Mutual of NY) and its predecessors, it spun off as a separate entity in the early 1990s. DIA has over 50 years of multi-product, retirement services only industry experience. , a national investment advisory firm specializing in retirement plans has partnered with FlexBen Corporation to offer an integrated health and welfare administration program to its clients. "This alliance offers an innovative solution to plan sponsors seeking to consolidate benefits administration. It was developed to meet the market demand for employee-focused communication, education and the increasing popularity of defined consumer, employee-centric, health plans," said Chris Cumming, Senior Vice President and Defined Contribution Business Leader of Diversified Investment Advisors. "By being one of the first retirement plan providers in the industry to make available such services, Diversified is again proving itself to be an innovative leader." With over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of benefits administration and consulting expertise, FlexBen Corporation offers a full range of health and welfare consulting, and administrative services. In addition, FlexBen Corporation provides consumer-focused education, communication and enrollment services to employees. The administrative services offered through this alliance include: -- Flexible Spending Accounts flexible spending account, n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are -- Health Care Reimbursement Account (HCFSAs) -- Dependent Care Reimbursement Account (DCFSAs) -- Health Reimbursement Arrangements (HRAs) -- Health Savings Accounts (HSAs) -- Retiree Health Reimbursement Accounts (RHRAs) -- Transportation Management Account (TMAs) -- COBRA/HIPAA Management Services -- Retiree Billing and Reporting Services An important advantage of this strategic alliance is the ability to access multiple benefits through Diversified's Web site and Customer Contact Center. Participants need only enter their user ID and one password for authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. to both Diversified's and FlexBen's systems. Other significant advantages include: -- Improving employee satisfaction with the total benefits program through comprehensive one-stop information access, focused on employee asset management and financial security -- Providing employers with "Best In Breed" solutions that ease the burden of plan administration and empower employee direct responsibility -- Creating new, valued, opportunities for employers to successfully implement Best Practice Defined Consumer Health Care Solutions - providing employees and employers sustainable health care coverage, value and increased retirement security "At FlexBen Corporation, we are excited about our relationship with Diversified Investment Advisors," announced David Wilson David Wilson may refer to:
About Diversified Investment Advisors Diversified Investment Advisors is a national investment advisory firm specializing in retirement plans. The company's expertise covers the entire spectrum of defined benefit and defined contribution plans Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan , including: 401(k); 403(b); 457; non-qualified deferred compensation; profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of ; money purchase; cash balance and Taft-Hartley plans; as well as rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. and Roth IRAs. Diversified services over $50 billion in retirement plan assets, helping more than one million participants save and invest wisely for retirement. Headquartered in Purchase, NY, the company's regional offices are located in Arkansas, California, Georgia, Illinois, Iowa, Louisiana Iowa is a town in Calcasieu Parish, Louisiana, United States. The population was 2,663 at the 2000 census. History The history of this region is filled with stories of the early Midwestern Settlers from Kansas, Illinois and Iowa to the French Canadians (Cajuns) to Jean , Maryland, Massachusetts, Michigan, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, Oregon, Pennsylvania, Texas and Wisconsin. About FlexBen Corporation Founded in 1983, FlexBen Corporation was established as an employee benefits consulting and management firm dedicated to the successful promotion of employee consumerism. FlexBen Corporation is nationally recognized for its strong leadership in the development of employee choice, consumer focused, benefit programs. From its beginning, this privately held firm has worked diligently with its client partners to develop solutions that successfully achieve its employer client objectives, taking into direct consideration employee needs, employee real and appreciated plan value. Today, FlexBen Corporation's professional staff and proprietary state-of-the-art administrative system are dedicated to the needs of more than 1,500 clients nationally, ranging from Fortune 100 companies to successful mid-size and small employers. Headquartered in Troy, Michigan Troy is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. As of the 2000 census, the city had a total population of 80,959, the 12th largest city in Michigan by population. , FlexBen Corporation is acclaimed for its commitment to best in breed technology, administrative management systems, and quality customer service. |
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