Join MCM’s UI Trust
Did you know that businesses fund 100% of the Unemployment Insurance system? That’s right.
As taxpayers, Employers are required to invest in the unemployment insurance program. By utilizing the services of MCM’s UI Trust employers can ensure they are protecting their investment and helping the program work for them.
Did you know that in 2010 $6.8 billion
in improper UI claims were paid out nationwide; from employers’ UI accounts? Yes, it’s true. Plus, those improper payments are draining your own trust fund account which can lead to UI tax increases. For example: In most states the lowest UI Rate is 0.25%, and the highest rate is generally 5.4%. That means on a $1 million payroll your UI tax liability can range between $2,500 and $54,000 per year! That $51,500 range is more than 2,000 percentage points from the lowest to highest UI tax rate. A handsome reward for a well-managed trust fund. Don’t you think so?
That’s why the specialized services of MCM’s UI Trust are essential to your financial success.
As a client, MCM’s UI Trust manages your state UI trust fund account to make sure your company, and your former employees, are treated fairly… i.e. what you pay in vs. what gets paid out in claims is intended only for those unemployed “through no fault of their own”.
Your State UI Trust funds are YOUR funds
…meant to benefit your former employees who are qualified to collect unemployment benefits. However, not all employees are entitled to benefits. That’s where UI Trust steps in; as a well-informed and experienced advocate for your rights as an employer.
Charges due to unemployment claims are difficult to manage
…for everyone, state and federal government included. Costly mistakes can be made that can tax your resources; time, energy and your bank account.
Contact MCM’s UI Trust today for your complimentary UI Management Report.
MCM’s UI Trust looks forward to saving you time, frustration, and money at the earliest possible date.
Watch this video by the State UI Div. of New Mexico
Here’s a helpful video which explains more about 2010’s $6.8 billion in improper unemployment claim payments including additional FAQ’s that debunk a number of popular UI myths.
Let’s get started on your UI Trust account, shall we?
If agreeable to you, MCM’s UI Trust would provide three levels of service:
First, MCM’s UI Trust account manager audits your UI tax rate
• This includes examining all the claims charged to your state trust fund account(s) during the time period that influences your experience rating.
• MCM’s UI Trust researches and identifies any extra charges that may have been included due to errors.
• Then our UI Trust team makes sure that the formula for the charges have been correctly calculated. If not, re-calculation of the refund owed is performed and UI Trust helps you notify the State of the error.
• MCM’s UI Trust manager assists you by following up on past, current and new refunds due on your account. All UI trust fund account credit owed your company will be logged and pursued until collection is complete.
Next, MCM’s UI Trust receives all future state UI claim notices for your account
• MCM’s UI Trust processes your claims, based on your documentation and other work related data.
• MCM’s UI Trust then responds as appropriate to the state UI office and defends your UI Trust Fund account against invalid claims. MCM’s UI Trust account manager would notify you of every new claim and the State’s determination for each case.
• After that MCM’s UI Trust account manager would, if you and your team agree, provide continued UI Trust Fund account management to minimize any further erroneous charges to your UI trust fund account and perform any work that you might otherwise need to do to maintain your account’s good standing.
Finally, MCM’s UI Trust account manager will prepare for and attend hearings on your behalf, as your representative.
• MCM’s UI Trust account manager prepares for each hearing and obtains helpful documentation to defend your UI Trust account and UI rate.
• Your MCM UI Trust account manager prepares witnesses and pursues helpful testimony in preparation for hearings.
• As determinations are provided MCM’s UI Trust supports your continued appeals, as needed.
MCM’s UI Trust looks forward to saving you time, frustration, and money at the earliest possible date. We look forward to hearing from you soon.