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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 Feb. 1, 2024

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

$90 per month

8% of payroll (max $200)

Group policy: Yes
Group policy rate: 2.5%

Individual policy: No

Paid time off: 4.65%
CDCS Goods only N/A 5% of goods, not to exceed $50/month None None
CSG Payroll and goods $110/month N/A

Group policy: Yes
Group policy rate: 2.5%

Individual policy: No

Paid time off: 4.65%
CSG Goods only N/A 5% of goods, not to exceed $50/month 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 2024 calendar year new employer SUTA rate is 1.2%

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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