My name is Glenn Earls, and I am a Business Services Consultant (BSC) with BizPower360
I Work With:
- CEOs, CFOs, C-Suite Execs
- HR Directors & Professionals
- Benefits Administrators
- Payroll Managers
Attention:
HR Directors, Benefits Administrators, Payroll Managers, CFO’s, CEO’s
I would love to connect with your team to schedule a time to explain the program and answer any questions you might have.
BIZPower360 has partnered with an established Employer Benefit provider to raise awareness of a 100% compliant employee Wellness Plan that allows a business to implement a payroll tax savings strategy.
This bolt-on employee wellness plan is called BizPower Benefits.
Self-Insured Medical Reimbursement Plans (SIMRP) is a provision written into the Affordable Care Act (2014).
BIZPower360 is an organization that has partnered with an Employer Benefit Management provider to bring SMBs awareness and access to a this little-known payroll tax credit.
We call this plan BizPower Benefits.
Through BizPower Benefits, employers can take advantage of this tax provision, which has NO investment or capital cost to the employer but has an immediate financial impact on the company’s bottom line.
Here’s a Question
What if you could give your employees a robust bolt-on wellness program that complements your existing benefits, which includes Telehealth / Telemedicine (24/7 Doctors / Nurses) with no copay and also provides about $150 a month for your employees to spend on voluntary benefits like Accident, Critical Illness, and Life Insurance?
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This wellness program can be added to your existing employee benefits at no net cost to the employer and does not reduce the employees’ take-home pay.
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What would you say if you were told that giving your Employees this 100% compliant wellness program would enable your company to reduce payroll taxes, on average, by $550 per employee per year?
For example, a company with 100 W2 employees could save an average of $55,000 per year in payroll taxes, and a company with 300 W2 employees could save an average of $165,000 yearly.
Your business could realize an average of $550 in tax savings per employee per year on the employer side of the payroll tax.
Our employee benefits program does not affect or change any benefits you currently offer your employees.
Our employee benefits program is a “bolt-on” plan that you add to your existing benefits. It is not available through your current benefits provider, and you do not have to change providers. It is an ADDED benefit. Our goal is not to replace your current insurance or employee benefits. BizPower Benefits offers fantastic benefits that can accompany and enhance the benefits you already offer your employees.
Your company can take advantage of Payroll Tax Savings tied to our BizPower Benefits program.
BizPower Benefits EMPLOYER SAVINGS
BizPower Benefits allows employers to add additional benefits to their employer-provided benefits package at no cost to the employer.
Participation in the BizPower Benefits program also results in an average of $550 per W2 employee per year in payroll tax savings for the employer. The payroll Tax savings are an incentive to add an excellent health and wellness program for employees.
For Employers
- NO capital investment
- Immediate financial impact on the bottom line.
- $550 per employee per year average payroll tax savings.
- Increased employee retention, loyalty, and productivity.
- Reduction of claims costs on major medical plans (3-year average of $1400).
- Fully automated and simple to implement.
BizPower Benefits EMPLOYEE BENEFITS
The health and wellness plan for Employees includes a comprehensive online Telemedicine / Telehealth suite of services and an average of $150 monthly towards supplemental insurance plans.
Employees can use the monthly $150 to elect additional voluntary benefits such as Life Insurance, Disability Insurance, Accident Insurance, and Critical Illness Insurance.
For Employees
- NO change in take-home pay.
- Average of $150/month to spend on supplemental insurance benefits (accident, cancer, life insurance, etc.)
- Robust health dashboard.
- 24/7/365 Telehealth / Telemedicine (virtual urgent care) with online doctors, nurses, Rx, and health coaches… with no copay.
- Wholistic health coaching.
- Addiction recovery and couples counseling.
BizPower Benefits Tax Savings Examples
This is a tax savings on the Employer side of the Payroll Tax with NO Cost to the business.
50 Employee Example:
Using our current average savings of $550 per employee, a company with 50 employees could realize a payroll tax savings of $27,500 annually.
100 Employee Example:
Using our current average savings of $550 per employee, a company with 100 employees could realize a payroll tax savings of $55,000 annually.
300 Employee Example:
Using our current average savings of $550 per employee, a company with 300 employees could realize a payroll tax savings of $165,000 annually.
A few recent BizPower Benefits Customers
Restaurant
(50 employees):
Saved $21,875 in payroll taxes and added $78,750 in employee benefits.
Manufacturing
(100 employees):
Saved $43,750 in payroll taxes and added $157,500 in employee benefits.
Retail Store
(25 employees):
Saved $10,937 in payroll taxes and added $39,375 in employee benefits.
Healthcare Clinic
(300 employees):
Saved $131,250 in payroll taxes and added $472,500 in employee benefits.
Construction Firm
(150 employees):
Saved $65,625 in payroll taxes and added $236,250 in employee benefits.
Technology Firm
(75 employees):
Saved $32,812 in payroll taxes and added $118,125 in employee benefits.
Law Firm
(20 employees):
Saved $8,750 in payroll taxes and added $31,500 in employee benefits.
Real Estate Company
(500 employees):
Saved $218,750 in payroll taxes, Added $787,500 in employee benefits.
Education Institution
(400 employees):
Saved $175,000 in payroll taxes, Added $630,000 in employee benefits.
Automotive Dealership
(120 employees):
Saved $52,500 in payroll taxes, Added $189,000 in employee benefits.
Pharmaceutical Company
(1,000 employees):
Saved $437,500 in payroll taxes, Added $1,575,000 in employee benefits.
Hotel Chain
(600 employees):
Saved $262,500 in payroll taxes, Added $945,000 in employee benefits.
Accounting Firm
(40 employees):
Saved $17,500 in payroll taxes, Added $63,000 in employee benefits.
Transportation Company
(80 employees):
Saved $35,000 in payroll taxes, Added $126,000 in employee benefits.
Insurance Agency
(250 employees):
Saved $109,375 in payroll taxes, Added $393,750 in employee benefits.
Marketing Agency
(35 employees):
Saved $15,312 in payroll taxes, Added $55,125 in employee benefits.
Food Processing Plant
(500 employees):
Saved $218,750 in payroll taxes, Added $787,500 in employee benefits.
Retail Chain
(10,000 employees):
Saved $4,375,000 in payroll taxes, Added $15,750,000 in employee benefits.
Financial Services Firm
(600 employees):
Saved $262,500 in payroll taxes, Added $945,000 in employee benefits.
Non-Profit Organization
(90 employees):
Saved $39,375 in payroll taxes, Added $141,750 in employee benefits.