Case Studies
Case Study #1
A major Plumbing Supply company with 80+ employees in the NY metropolitan area was using a big PEO payroll company for their benefits. Because of the competitive nature of their business they relied on high volume instead of high margin, necessitating a large sales and service crew. When their PEO hit them with a large increase at renewal, they came to BE Group. We analyzed their situation and gave them several options including staying with the PEO at a reduced cost. The largest cost savings with the same exact benefits was $162,000 which amounted to over 35% on their premium.
Case Study #2
A 40-person non-union HVAC/Mechanical company needed skilled labor to handle its portfolio of projects. To maintain this workflow required the company to recruit union workers which was a very tall order due to the level of benefits the unions offered. BE Group was retained to help and offered “Fortune 500” level benefits at a cost that was palatable to the company and made sense from a balance sheet standpoint. In fact, the savings were over $114,000 or a 19.38%.
CASE STUDY #3
A construction company with 58 employees was concerned about their total costs including workers compensation, administration fees and medical benefits costs. They called BE Group and we performed a total market analysis. We gave them the option of staying with their current provider and saving $140,000+. But by shifting to an alternative provider with exactly the same benefits, the net result was that we provided a 32.52% savings equating to $252,677.18.
CASE STUDY #4
A small accounting firm with a concentration of clients in specialized areas and a seven accountant team who understood their clients’ unique needs required a “Fortune 500” level benefit program to keep their key employees intact, especially in light of the declining number of accounting majors coming out of colleges. Typically, a very expensive proposition, BE Group was able to give them exactly what they needed at renewal, which was the same level of benefits while saving almost 50%... from $136,000 to $77,000.
CASE STUDY #5
As will many skilled worker companies, it is extremely difficult to compete against union wages and benefits. But the work still has to get done. So how did this elevator company compete? By bringing their benefits issues to BE Group. We responded with a program that helped them maintain the gold standard benefits that their workforce wanted, and saved them just shy of $145,000 in the process.
