401k Retirement Program

The Builders Exchange of Central Ohio is pleased to offer a service exclusively for members, which will empower you to attract, reward and retain employees, and help them build a better retirement.


Have you wished you could provide your employees with a retirement plan, but have been concerned about:

• Potential costs
• Lack of time and expertise
• Fiduciary responsibility and liabilities

Now You Can!

Watch a video

 

The BX has partnered with leading firms Everhart Advisors and Ascensus to create a 401(k) retirement savings program called a Multiple Employer Plan (MEP). The MEP arrangement allows BX members to join together to offer their employees access to a 401(k) plan while mitigating many of the challenges and administrative headaches. The MEP will allow you to save time, reduce costs, increase efficiencies, and limit liability.

Importantly, each BX member maintains the flexibility to customize the design of your 401(k) plan with the features that work best for your company, even with the ability to include prevailing wage contributions.  

Overview and Advantages of a MEP

 In the BX Multiple Employer Plan, The Builders Exchange of Central Ohio is the named Plan Sponsor and our members have the exclusive opportunity to become a “Participating Employer.” The MEP allows you to offload some of the burdens of managing a traditional 401(k)—daily operations, fiduciary risk and liabilities, and other obligations—so you can focus on what matters most for your business. And by joining together with other BX members, you can lower the expense of providing a 401(k) plan. 

Participating employers can take advantage of:

• Cost Efficiencies – Costs are generally lower because they are spread across a larger participant and asset base reducing the costs for each BX member in the plan.
• Fiduciary Risk Mitigation – Fiduciary investment duties are outsourced to the BX and Everhart Advisors, serving as an ERISA 3(38) investment fiduciary.
• Operational Outsourcing – Ascensus serves as the 3(16) administrator and assumes most all of the plan’s operations on behalf of participating BX members, including the distribution of disclosures and notices to employees, tracking employee eligibility, along with approving loans, hardships and other plan disbursements.
• Increased Focus – The participating BX member uses fewer resources allowing more focus on growing revenues and profits in their business.

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Managed Care Organization

Both Managed Care Organizations (MCO) and Third Party Administrators (TPA) play important roles in helping employers manage workers’ compensation costs. If you are responsible for your workers’ comp program, it’s important to have a fundamental understanding of the roles of an MCO and a TPA.

• What is an MCO?
  Under Ohio's Health Partnership Program, MCOs are responsible for the medical management of Ohio employers' work-related injuries and illnesses. Every employer in Ohio must have an MCO, which is paid for directly by the BWC.
  
  
• What is a TPA?
  A Third Party Administrator (TPA) assists employers in the administrative and financial aspects of a claim. TPA staff typically consists of claim representatives, account representatives, and other workers' compensation professionals.

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Health Insurance

 

Whether your company is large or small, the BX provides options. Through your BX Membership, companies have access to two plans:

• A Multiple Employer Welfare Arrangement (MEWA)
  A self-funded MEWA for BX members with 2 to 50 full-time eligible employees, powered by SOCA.
  

  The Builders Exchange of Central Ohio partnered with the Southern Ohio Chamber Alliance (SOCA) to offer small employers – those with 2 to 50 employees – access to a health insurance program called a Multiple Employer Welfare Arrangement (MEWA). This allows members to pool together to create buying power in order to purchase more affordable health insurance as one large group.

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• The Alliance Saver Program
  Group health plan administered by Anthem Blue Cross and Blue Shield for employers with 50 or more full-time eligible employees.
  

  For larger companies – those with 50 or more employees – the Alliance Saver Program can have a significant impact for employers offering health insurance benefits. The Alliance Saver Program allows for premium savings through Anthem Blue Cross and Blue Shield of 1%, but by adding ancillary programs such as dental, vision, life and disability options, members can potentially save up to 5%.

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To obtain a quote for insurance, contact Sean Cooper.

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Office/Facility Products

BX members receive an average discount of 20% off Staples’ already low-priced products.

 

Exchange members participating in the BX/Staples Business Advantage program are saving ENORMOUS amounts of money. As a BX member, you can get everything you need, all in one place and at exclusive savings.

Shop an Assortment of: 

• Office Supplies 
• Janitorial Supplies 
• Safety Supplies 
• Breakroom Supplies 
• Technology Products 
• Office Furniture 
• Promotional Products 
• Print Solutions 

If you're not a Staples Business Advantage customer, register today with Staples Business Advantage through your BX program and get access to a tailored program with discounted pricing on all of your office's needs. Registering is quick and easy, and you can start today. | Register for Staples Advantage |

If you are already registered, sign up for online ordering and get the most out of your program.

For more information, visit the Staples Business Advantage website at www. StaplesAdvantage.com. 

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Fleet Management

 

Enterprise Fleet Management, the BX’s endorsed Fleet Management Company (FMC), is the leading FMC for companies in central and southwest Ohio. Your fleet is more than a collection of vehicles. It’s your reputation. It’s a message to your customers, and a promise to your employees. Enterprise can help you build a better fleet – a fleet that helps you drive savings, safety and satisfaction.

Participating BX members will have:

• Special pricing
• Hands-on management
• Award-winning technology
• A tailored program designed around your specific needs

We’ll show you how far an exceptional fleet program can take your organization while saving you thousands.

For more information, visit the Enterprise Fleet Management website at www.efleets.com.

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Energy Service Provider

IGS Energy is a trusted supplier of natural gas and electricity. As a BX business services partner, they are committed to helping BX members navigate the ever-evolving energy marketplace and offer solutions for better energy usage.

Enroll in the BX/IGS Energy Program and take greater control over your costs with an energy program that is tailored to your company’s needs.

What you can expect from the BX/IGS Energy Program?

• Transparent pricing
• No hidden fees
• Expert guidance
• Dedicated support

How do you start saving money with the BX/IGS Energy Program?

To access your BX member benefits with IGS, simply send a copy of your most recent utility bill to Nicole Irwin, your dedicated BX account manager.

• Scan the bill, or snap a picture with your smartphone
• Email it to Nicole.Irwin@igs.com

Within 3 business days, Nicole will give you a free cost comparison. You'll see your savings and what a customized energy plan through the BX/IGS Energy Program would look like.

To learn more about IGS Energy, visit www.igsenergy.com.

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Discount Gas & Diesel

 

Whether you have one company car or a fleet of over 100, you qualify for discounts on related automotive products and can save up to to 6¢ per gallon on fuel with the BX-Endorsed 7-Eleven Commercial Fleet Mastercard^® Program. Your company can save the cost of your BX membership dues with this program. 

There's no cost to sign up for the program – it's free for BX members.

Fleet savings made easy.

Perfect fit for mid-sized to larger fleets that need the added convenience of fueling where Mastercard® is accepted. With the 7-Eleven Commercial Fleet Mastercard®, your fleet can customize reports for a complete fuel management solution.

*Download the application and sign up today to save 30¢ per gallon for the first six months!
(See brochure for full details.)

APPLICATION

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Delivery Services

With BEST Courier, companies receive courteous drivers that are dependable, insured and ready when you need them — 24 hours a day, 365 days a year. BEST specializes in delivery to and from construction jobsites — taking drawings, payroll, parts and materials right to the front door of the jobsite trailer.

BX members receive a 20% discount on a variety of delivery services in the central Ohio area, including: 

• Dedicated Courier
• Delay
• Immediate 
• Mail and Inter-Company 
• Out-of-Town 
• John Glenn Columbus International Airport 
• Scheduled 
• Online Order Entry:  PLACE AN ORDER
• Daily, weekly or monthly reports of all your orders
• Track orders as they are delivered  
• Obtain proof of delivery, pickup and drop-off times live

For more information about Best Courier services, visit their website at www.best-courier.com.

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Credit Union

All BX member firms, including their employees and families, are eligible to join Pathways Financial Credit Union for business and personal financial needs.

Pathways gives members a complete array of financial products including:

• Savings 
• Checking 
• Loans 
• Home Loans 
• Other Services 

Members can take advantage of online banking with Pathway’s free, 24-hour account management tool. Features include real-time account activity, allowing your transactions to reflect your account instantly!

Go to pathwayscu.com for more information.

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