Audit Progress

Many former clients of 1Point have been asking for assistance in their attempts to determine the correct balance for each of their employees' Flexible Spending Accounts, Health Savings Accounts and others. We had hoped MBI would cooperate better than it has. It seems some call and get information with ease and others are rebuffed.

The Trustee's Office has put significant energy into the audit of 1Point. Before the clsoe of business Friday, December 8, 2006, it is our intention to furnish ebery client (employer) with a printout for each type of service 1Point was providing. These reports will be entitled "Enrollee Account Balance" and will tell employee by employee the total deposits made to the account during 2006, the total disbursements from the account and the account balance.

Please understand the account balance will be the amount that should be in the account had their not been embezzlement, comingling and misappropriation. Nonetheless these numbers should be helpful to employers and employees alike as they transition to new programs and Third Party Administrators.