Worry-Free, Accurate Health ComplianceCentral Bancompany (Central Bank), founded in 1902, is a Midwest community based and community orientated financial institution that currently operates in more than 140 locations. Central Bank has had the ADP SmartCompliance® Health Compliance module since the Affordable Care Act (ACA) went into effect in 2015.
Having ADP handling our ACA compliance is a huge time saver because, if we had to prepare all the forms ourselves and review all the information that goes into doing that, we would need a whole other person. So having this system has allowed us to keep our headcount down. We’re still able to review the information, but we don’t have to spend hours upon hours looking at it.
Central Bancompany, Inc.
Challenge Central Bancompany faced:
- The company needed assistance with benefits eligibility and reporting after the Affordable Care Act (ACA) went into effect.
How ADP helped:
- The ADP SmartCompliance® Health Compliance module, integrated with the company’s other ADP systems, delivers data integrity and reporting through an intuitive interface.