THE BOTTOM LINE
To improve the administration of benefits plans and increase employee participation in them, Under Armour Inc. turned to third-party administrator (TPA) Flores & Associates, LLC. Under Armour wanted a partner whose service model would provide a single point of contact, accommodate modern technology, introduce efficiencies, and bring about greater employee satisfaction. Nucleus’s analysis shows Flores streamlined claims administration to reduce the time needed for reimbursing employees, increased participant enrollment, and improved productivity.
Payback: 6 months
Average annual benefit: $821,846