1. Success Stories–Warehouse /DistributionJanuary2016 Edition
Employer#1; Warehouse/Distributionforthe MiningIndustry.
29 Employees. Theirmainconcernswere how tofill inthe gaps of havingjusthealth/dental alone.They
wantedtohave Disabilityforthe staff, Life insurance thatwouldbelongtothe employeesthemselves,
and an AccidentPlanthatwouldcoverthe family.
Withincreasedoperatingexpenses,theywere lookingforanyand all optionstolowercostsof doing
business.
End Result: The average benefitbankperstaff memberis$223/month. Thisallowedthe staff to have a
rich DisabilityPlan,Life insurance thatgrowsincash value andhasLongTerm Care benefits, andan
AccidentPlanwhichcoversspouse and kids,all withnoreductionintheirtake home pay.
Theyare saving$17,748 in reducedPayroll taxes. Theywilluse thissavingstoinvestinnew marketingto
grow theirbusinessin2016.
Employer#2; HeavyEquipmentPartsWarehouse.
14 Employees all overthe age of 45. Thebiggestconcernswere:Retainingqualityemployees, lowerthe
cost of doingbusiness,andimprove theirbenefitprogramif possible withnoaddedcoststothemor
theiremployees.
Theirbenefitprogram consistedof justhealthinsurance,andAflac.Theysaw value inenhancingthe
benefitprogrambyadding a richDisabilityPlan,Lifeinsurance withlivingbenefitssuchasLongTerm
Care,Critical illnessPlan,andanAccidentPlan.The employeeshave noreductionintheirtake home
pay.
End Result: The average benefitbank perstaff memberis$238/month. Thisallowedthe staff tofill inthe
missingpiecesfromonlyhavinghealthinsurance.The employeesare extremelyhappyabout nothaving
any lossintake home pay while gettingbenefits theyneed.
The Companyissavingover$9,100 in reducedPayroll taxes. Thissavingswill helpoffsetthe costof a
newdeliveryvehicle.UPDATE:Asof1/8/2016 two employeeshave receivedbenefitsinexcessof
$20,400 total.