Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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View More Press Releases by National Center for Employee Ownership [NCEO]
Press Release NCEO Captive Insurance Program Will Launch This Summer |
Issued by National Center for Employee Ownership [NCEO] Jan. 17, 2021 |
The NCEO and our partners at Scott Insurance have been working hard to launch our ESOP-only captive insurance program. So far, over 75 ESOP companies have engaged in educational sessions, with over 30 participating in one-on-one sessions, and over 20 companies have submitted underwriting data. Companies that have already submitted underwriting data range in size from under 50 eligible employees to over 600, and they are in diverse fields, such as manufacturing, insurance, and distribution. As we work toward finalizing the initial captive founding members for the July 1 launch, we invite you to learn more on our captive insurance web page, attend the 2021 annual conference, and join the various webinars hosted by trusted leaders in the employee ownership community. We’re proud of our approach to this captive: our approach is unique because it is exclusively for ESOP-owned companies that are NCEO members. This matters because:
"KTA is proud to be an employee-owned company, and one of the topics that continuously comes up from our employee-owners is the cost of health insurance. We want to do everything in our power to reduce the cost of health insurance for our employees and our company. All the money we save goes to our bottom line and into our employees' wallets. On January 1, we took the first step and switched from fully insured to self-insured. I hope that our next step will be joining the captive with our employee-owned companies, so that we can collaborate on health-related and wellness issues and each of us build stronger companies as an extra benefit." |
View More Press Releases by National Center for Employee Ownership [NCEO]
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