OUR CONCEPTS
Individual and Group Medical
INDIVIDUAL MEDICAL – For those self-employed/small business owners who only have a few staff/independent contractors can customize coverage. We typically save those wanting off of BCBS around 55%, so premium savings are significant
If the group has a healthy year with relatively few claims, they receive a surplus check back of the balance
We can provide group medical for any size plan, customize group plans with several designs to select from, and deliver great service with very competitive rates with refund opportunities of surplus dollars
Supplemental Voluntary Health
Paid directly to the employee, these benefits can be used for things other insurance may not cover, such as lost wages, out-of-pocket expenses, and household bills. Often paid by the employee, voluntary benefits provide critical protections without adding to the bottom line. We invest in many full-time and part-time benefit counselors on staff to assist your employees. Also providing more robust benefit payouts than the leading competitor, we add more value for your employee's money, giving them more security, and helping with your employee attraction and retention. Our Employee Navigator technology will tell us any current benefit package of each employee in real-time, so we do not over or under insure an employee
Profit Sharing | 401 (K)
The key to delivering the highest level of performance in this area is the advisor. They must have the independence and expertise to work with any provider to meet the goals of the client. Our team includes a former tax and ERISA lawyer with over 30 years of experience with all types of plans ranging from for-profit to nonprofit and even nonqualified deferred compensation plans. He has also worked with all of the best providers and has a deep knowledge of their strengths and weaknesses. Because of this background, he is authorized to serve as a 3(38) advisor to take the fiduciary responsibility off of our clients for their investment selection and monitoring and conduct educational sessions on the fiduciary responsibilities to keep our clients out of trouble with the Department of Labor and the IRS. His plan design skills are state of the art and his relationship with the prestigious Retirement Plan Advisory Group gives him access to 10 CFA’s and 5 ERISA attorneys to cover all of the needs of our clients. Let us perform a “due diligence” review for no charge to show this expertise and fulfill your fiduciary responsibilities.
Life Insurance
Controlling ownership, or a buy-sell agreement is an agreement between owners that allows you or the business to buy out a co-owner share based on a number of triggering events like retirement, death, bankruptcy, disability, divorce, or selling the business to a third-party. You can enter into a buy-sell agreement with your co-owners at any time, but it often makes sense to do so shortly after the business is formed and when new owners are brought in.
Company Owned Life Insurance or Key Person Insurance could be vital to your company if one of your key employees were to die unexpectedly. Will your business be able to continue without serious financial consequences? Coverage to protect your business against the loss of a key employee can help you navigate through a difficult time. You can stand apart from the competition by providing meaningful benefits to help reward and retain your employees. The business can make flexible contributions and multiple designs are available. You may select among certain employees and may include a business owner employee as a participant. Bonus dollars are tax-deductible to the company as compensation.
Insurance and Financial Services
Products
Health Insurance
Individual and Group Medical
Supplemental Voluntary Health
Long Term and Short Term Disability
Long Term Care
Critical Illness
Life Insurance
Individual and Company Owned Life Insurance
Key Person Insurance
Owner Buy-Sell
Annuities for Business Owners
Profit Sharing | 401K
Mutual Funds
Target Date Funds
Cash Balance Plan
ERISA Compliance
Employee Education
Tax and Cost Savings
Products
Waste Hauler Savings
We perform a free audit to ensure clients and prospects are paying the lowest waste hauler rates for the best service. Clients have had an average savings of 30% off their current rates, strictly performance-based, as we only share in savings that we generate
Work Opportunity Tax Credits
Work Opportunity Tax Credits are rich credits available to companies every time a certain employee is hired, such as veterans. Most are familiar with these credits but find them tedious for their HR departments and roll companies typically take 25% of the WOTC. We take $0.00, but rather charge a low $50 fee per new qualified hire. We just more than doubled the WOTC for a wings franchise group whose past rep used a very inefficient method
Employee Retention Tax Credits
Due to the COVID shutdowns in 2020, the Federal Government recognized this and introduced relief funding for small to medium businesses initially in the CARES Act of 2020, then expanded further in 2021.
This program is called the Employee Retention Tax Credit (ERTC).
To qualify businesses must have between 1-500 W-2 employees (who are not direct family members) and have been impacted by COVID. For 2020 up to $5,000 per W-2 employee, and for 2021 up to $21,000 per W-2 employee
Cost Segregation
We deliver federal tax incentive programs vital to business, and commercial real estate acquisitions/new projects.
This is a strategic tax planning approach that allows a commercial building, whether new or existing, to be depreciated faster than the traditional accounting method, thereby reducing federal tax liability and increasing cash flow.The benefits of cost segregation are :
- An immediate increase in cash flow
- A reduction in tax liability
- Reclaim "missed" depreciation deductions
Add a footnote if this applies to your business