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Financial management services rates-Acumen Fiscal Agent

Contact information and fees

Name of FMS provider: Acumen Fiscal Agent
Address: Allen Building, 287 Sixth St., Suite 270
City, state, ZIP code: St. Paul, MN 55101
Phone: 888-272-5021
Contact name: Fatmata B. Bah
Contact email address: enrollment@acumen2.net
Website: acumenfiscalagent.com

Fees as of Jan. 1, 2024

Program Service Fee type and amount Transaction based fee(s), frequency and type Worker's compensation Worker benefits
CDCS Payroll and goods $105/month N/A

Group policy: Yes

Group policy rate: 2.95%

Paid time off: 4.65%
CDCS Goods only N/A $30 per check None None
CSG Payroll and goods $105/month N/A

Group policy: Yes

Group policy rate: 2.95%

Paid time off: 4.65%
CSG Goods only N/A $30 per check 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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