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ACS, Inc. |
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5830 South 142nd Street |
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Suite B |
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Omaha, NE 68137 |
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The Plan Accounting Information & Management Report (PlanAIM) provides detailed financial information for all of a client’s
group benefit plans. The PlanAIM is designed to be of value to your firm’s finance and HR departments and to satisfy the
demands of auditors. We customize the PlanAIM to your situation, with results available by any breakouts relevant to your
business needs.
The PlanAIM measures the financial impact of group benefits on your bottom line. The PlanAIM reports on every group health
care dollar relevant to your financial position, including actual dollars paid and collected as well as expenses from changes
in liabilities such as the Incurred But Unpaid reserve (IBU). We have engineered the PlanAIM to satisfy all of your finance
department’s reporting requirements.
The PlanAIM also includes data relevant to your planning cycle. As just one example, the report calculates your company’s
surplus or deficit, a measure of how actual costs compare to the amount budgeted for your group health plans. Are you interested
in measuring the accuracy of your past budgets? Or are you considering stop loss insurance to mitigate the volatility in your
plan costs? If so, then you will find value in the PlanAIM’s historical surplus/deficit reporting.
Finally, many clients use the PlanAIM as a cross check against their internal accounting practices. This has been very
useful to our clients, especially in conjunction with internal audits. Auditors appreciate the transparency and level of
detail in the PlanAIM report. |
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