Employers can say goodbye to paying Other Post-Employment Benefits (OPEB) from their operational budgets. At MidAmerica, we provide everything needed to establish an OPEB trust, including an employer resolution, implementation documents, and trust administration. Employers also receive dedicated account management and 24/7 online plan access.
Since the employer funds the OPEB trust while their employees are actively working, the trust assets have the potential to grow over time. Assets growing over time create a vehicle for the employer to pre-fund employee and retirement benefits. Oftentimes used with a Health Reimbursement Arrangement, our solution will allow the employer to minimize and possibly even eliminate OPEB liability.