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Finding an out-of-the-box solution for an engineering firm

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Challenge

Infrastructure Factor Consulting is a MEP engineering and consulting firm.  In order to retain the best talent, the company needed to implement the best plans available in the marketplace.  The challenge was to offer solutions at an affordable cost for the company.  They faced an renewal increase of 35% which simply was not affordable for iFactor.

Strategy

We first shopped the traditional market to compare and analyze the rates with their current benefits.  We also looked at other alternatives for offering health insurance.  Leveraging our national partners, we utilized an association in Illinois that only works with engineering firms.  We were able to secure richer benefits with more competitive rates.

Results

Our approach to procuring insurance led to over a 40% savings on premiums and a significant enhancement of their benefits.  Additionally, switching to this association allowed them to go from age rated to composite rated plans. The company has retained some of the best talent in their industry and continues to use the benefits as a tool to recruit more talent.

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See what our clients say about us

West Coast Ultrasound InstituteWe've been with Benely for years and we know they are on their game. They understand that benefits are strategically important for any company and they help us create effective strategies for employee buy-in.
Andrew H.
Andrew H.COO & General Counsel
West Coast Trial LawyersI highly recommend Benely and their team. Benely prides themselves on being responsive, and knowledgeable. Benely has been instrumental in helping us recruit and retain talent.
Neama R.
Neama R.Co-Founder
Rapt StudioBenely has serviced benefits management at two organizations I have been a part of, and they are an incredible partner. They take the time to understand our company needs, and provide a holistic and thoughtful service.
Margaret H.
Margaret H.Head of Finance
KnockaroundAs a fast-growing small business, we were finding it difficult to keep up with our health insurance needs. That's where Benely came to the rescue. They got all of our plans set up and explained all the details along the way.
Adam M.
Adam M.Founder and CEO
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