It is best practice to recalculate costs for benefits, even if there are no changes to premiums, as it allows the system to recalculate costs based on updated compensation and/or employees enter new age bands.
We offer a video training for this topic on Arcoro Learning.
- Expand Settings and click Benefit Management from the menu.
- Click Plan Utilities from the ribbon near the top of the page.
- Select "Recalculate Costs" from "Step 1 – Select Utility". For more information about any of the options, refer to the description to the right.
- Specify the effective date of the new benefit package.
- Select "No Selection" for "Recalculate Costs based on Compensation Changes".
- Click Save and Continue and proceed to "Step 2 - Select Plans".
- In "Step 2 - Select Plans", expand "Benefits" and select the appropriate benefit package. All the benefits of the benefit package will be selected after selecting the benefit package.
- Click Save and Continue to run the utility. You can proceed to "Step 3 - Run Utility" to review the status.
- The system will begin reprocessing the recalculation for all of your benefits in the selected benefit package. This can take about 10-15 minutes, but it may take longer depending on the number of employees, if other utilities are being run, etc. The status of the utility will start at "Pending", then change to "In Progress" and "Complete" when finished.