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Financial management services rates-Aspen FMS

Contact information and fees

Name of FMS provider: Aspen FMS
Address: 1421 Park Ave S., Suite 104
City, state, ZIP code: Minneapolis, MN 55404
Phone: 612-872-8811
Contact name: Abdiwadi Husen; Danielle Lowe
Contact email address: awadi@mnqcare.com; daniellel@mnqcare.com
Website: www.mnqcare.com

Fees as of April 1, 2022

Program Service Fee type and amount Transaction based fee(s), frequency and type Total payroll costs Worker's compensation Worker benefits
CDCS Payroll and goods

$0-$12K = $70 per month

$12K and greater = $90 per month

7.5% of payroll (max $200)

8.25% plus SUTA rate

Group policy: Yes
Group policy rate: 1.5%

Individual policy: No

Paid time off: 4.15%
CDCS Goods only N/A 5% of goods, not to exceed $50/month None None None
CSG Payroll and goods $50/month 6% of payroll 8.25% plus SUTA rate

Group policy: Yes
Group policy rate: 1.5%

Individual policy: No

Paid time off: 4.15%
CSG Goods only N/A 5% of goods, not to exceed $50/month None None None

Total payroll cost breakdown

Federal Insurance Contributions Act (FICA): 7.65% of taxable wages
Federal Unemployment Tax Act (FUTA): 0.6% of taxable wages
State Unemployment Tax Act (SUTA): SUTA is determined on an individual basis. The 2022 calendar year new employer SUTA rate is 1.60% + a surcharge for a total of 1.85%. The 1.85% includes the following: New employer rate of 1%, a 0.50% base tax rate, a 0.10% workforce development assessment, Federal Loan Interest assessment and additional assessment of 0.25%.

Notes

Participant employers must comply with the collective bargaining agreement negotiated between the state of Minnesota and the Service Employees International Union Healthcare Minnesota (SEIU). This includes compliance with the wage, paid time off and holiday pay requirements.

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