Offered exclusively to UBA Partners, CXC Solutions (CXC), in conjunction with UBA, is providing a powerful, full-service, high-quality non-discrimination testing tool called NDx. You can view two documents -- an NDx Information Sheet and an NDx Sell Sheet on the UBA Wisdom Network.
UBA Implements New Nondiscrimination Testing Tool
According to UBA Chief Compliance Officer, Danielle Capilla, this new product is an excellent solution to the growing demand from employers to run the required nondiscrimination testing for cafeteria plans* and gives UBA Partners a step up in the marketplace as s
o many vendors and advisors downplay the importance of this testing. Furthermore, this product stands out by not only informing an employer if they passed or failed the test, but provides information on what part of their design might have led to the failure.
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Benefits to UBA Partners:
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Benefits to employers:
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About NDx
The NDx tool is an unquestioned leader in nondiscrimination testing of benefits plans and is used by TPAs, attorneys, and other benefits professionals serving over 16,000 employers. NDx is the only tool in the market that has been reviewed by Thomson Reuters EBIA and is backed by leading ERISA attorneys.
Many employers do not have access to quality nondiscrimination testing solutions and are struggling to cope with the increased scrutiny by the IRS on benefits compliance. CXC has dedicated analysts ready to help employers with getting their data mapped, tested and providing detailed results on their plans' compliance.
To learn more about CXC Solutions and the NDx tool, visit the CXC Solutions page on the UBA Wisdom Network and scroll down to the Resources section.
* To comply with Internal Revenue Code Section 125, a cafeteria plan must satisfy a set of structural requirements and a set of nondiscrimination rules. These requirements are not impacted, or related to, the Patient Protection and Affordable Care Act (ACA) or any ACA nondiscrimination requirements.
