Contact the Sales Team
Our National Sales Team is Here to Help
| West Coast Sales |
East Coast
Sales |
|||
| Jennie Bryson | Richard Nasdeo, CRPC | |||
| Phoenix, AZ | Princeton, NJ | |||
| 480-850-2523 | 480-850-2511 | |||
| jdunlap@beneco.com | rnasdeo@beneco.com | |||
| Thomas Zenoby | Sam Groves, MBA | |||
| Phoenix, AZ | Hartford, CT | |||
| 480-850-2514 | 480-850-2548 | |||
| tzenoby@beneco.com | sgroves@beneco.com | |||
| Beneco Sales Director |
||||
| Jason Sperfslage | ||||
| Phoenix, AZ | ||||
| 480-850-2556 | ||||
| jsperfslage@beneco.com | ||||
| Beneco Medical Broker |
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| Phil Kiermayr | ||||
| Phoenix, AZ | ||||
| 480-850-2506 | ||||
| phil.kiermayr@beneco.com | ||||
Who We Are
About Beneco
We are a team pursuing a mission to help contractors since 1987.
As we’ve grown, our relationships with contractors, employees, and partners have grown, too.
Our story began much like yours probably did, with a family that had a vision — to earn an honest living and create a legacy, in this case, by introducing unique employee benefit programs to the construction industry.
Fueled by a mission to support public works contractors in building their businesses while securing the future for themselves and their valued employees, Beneco has steadily grown by staying true to some essential core principles:
– Stick to what we know and know it better than anyone.
– Take care of our clients as if they were part of our family.
– Do the right thing at every turn.
We are proud of the impact that we have made for almost 40 years
We have partnered with over 1,000 contractors
We have served clients across all 50 states
We have helped over 70,000 tradespeople build a more secure and prosperous life
Our clients and their employees have contributed over $1.5B to our unique benefit solutions
We are values-led
In 2019, Beneco became part of the Ascensus family. Through that partnership, we merged what we were already doing into their core values. Our core values are everything to us. They guide how we behave, make decisions, hire, and the standards we hold ourselves to. They represent what our clients and partners can expect when working with Beneco.
People Matter
Treating individuals with respect and appreciation on a personal level shows People Matter. We’re trained to see any question or solution through the eyes of our clients. Our focus on people encourages social responsibility.
Quality First
We believe there's no substitution for diligent preparation and commitment to excellence. From our dedicated service and commitment to customer satisfaction, delivering a quality experience is our goal.
Integrity Always
Here, we hold our associates to the highest ethical standards. We aim to earn and build trust with our clients and partners by delivering on our promises. We believe that doing what’s right, every time, ensures fair results.
Prioritizing Our People.
Beneco’s success comes from collaborating with, learning from, and nurturing exceptional individuals. This commitment embodies our people-first philosophy. By prioritizing our team’s well-being, we ensure respectful service to clients—and our leadership ensures that we’re achieving this.
Kristy Bryson
Executive Officer
Emma Mejia
Operations
Jason Sperfslage
Sales
Chris Walton, MSBA
Client Services
Build with Beneco
Ready to learn how Beneco's benefits solutions can help your company and employees?
Contact us for a hassle-free consultation, or join us for one of our free webinars or seminars to get answers to your prevailing wage questions. We are always here to help find solutions that can save you money and support your team.
Our People and Core Values in Action
Homepage - NP
WE PROVIDE
Turnkey Employee Benefits, Compliance Services,
and HR Solutions Custom Built for Contractors.
Benefits
HR Solutions
Compliance Services
Tax Savings
Over time, we have heard the same types of things from the hundreds of contractors we have partnered with
For 30 years
We have allied with contractors to build their businesses, while building a more prosperous future for the valued workers who depend on them… so that they can focus on building our country.
You are Always Building, and we’re here to support you.
It doesn’t have to be this way
We’re on a mission to change this, and help you build your business and your own financial future at the same time.
Over 1,000 contractors have partnered with Beneco to…
Take Care of Workers
Attract workers through better benefits and help them build a more secure and prosperous future
Save Money
Lower payroll costs and drive more profit to the bottom line
Bid More Competitively
Improve your ability to win bids and be more competitive
Stay Compliant
Rely on our 30+ years of expertise to keep you in compliance
Improve Efficiency
Simplify your life using our one-stop shop and tailored solutions
Better Benefits. Made Easier.
Building and securing our nation’s future isn’t easy business, but you’ve stepped up to the challenge. Our HR and benefits platform aims to make your life easier by providing your employees with better benefits… while saving your office staff time and saving your business money.
Cryptocurrency 101
CryptoCurrencies, Blockchain, Hash Generator, BTC, Ethereum…. If you weren’t sure if this was English, you are not alone. While Bitcoin is one of the biggest stories in today’s world, many still don’t understand what it is or how it works. To try and demystify this complex topic that has cemented itself within the daily news cycle, we have broken down some of the most commonly used jargon from this new technology.
| Cryptojargon | Meaning |
| Blockchain | A shared database, often viewed as a ledger, where the summation of all transactions in the network are recorded. |
| Node | A computer connected to the blockchain network who, jointly with all other nodes, maintain the blockchain. |
| Miner | Special nodes where the computer does complex computations to compete to be the one who creates the next block (entry) in the blockchain. They are rewarded when their computer is the one who is able to create the next block. |
| Coin | The reward for being the miner who completes a block often takes the form of a coin or token. Because this coin can be hard to earn, some view it to hold value and so it’s called a cryptocurrency. It’s secured through a key (password/identifier). |
| Bitcoin (BTC) | Largest cryptocurrency by market cap. |
| Ether (ETH) | Next largest cryptocurrency. It is the reward/currency on the blockchain Ethereum. It differentiates itself through the ability to use “Smart contracts” or programmable money that automatically transacts or transfers ownership when agreed upon conditions are met. |
Now the next time you hear the word Bitcoin on your nightly news or it appears on your newsfeed, the jargon won’t be so intimidating. While Bitcoin and blockchain are exciting developments in technology, they are still in their infancy. Many are uncertain about the future of the technology and what regulations or pitfalls may await. Also due to its unusual nature, valuating such an asset has proved difficult as can be seen by its drastic price movements. Much of the current discussion regarding this technology is speculation of what it may be and how it may be used.
Will you see Bitcoin as an investment option in your employer's retirement plan?
For now the answer is: No. The vast majority of participants do not have the knowledge or expertise to make an informed and prudent allocation to this sector. The volatility that is seen in the sector can lead to a bumpy participant ride and poor participant outcomes. This level of volatility is not the ride you want.
The price of Bitcoin and other digital currencies has fluctuated unpredictably and drastically. You could experience significant and rapid losses. Profits or losses from investing in Bitcoin are virtually impossible to predict.
Digital currency like Bitcoin is not legal tender. Laws do not require companies or individuals to accept Bitcoin as a form of payment. Instead, Bitcoin use is limited to businesses and individuals that are willing to accept Bitcoins.
Platforms that buy and sell Bitcoins may be unregulated, can be hacked. In addition, these platforms may stop operating, and some have failed. Furthermore, like the platforms themselves, digital wallets can be hacked. As a result, consumers can—and have—lost money.
Bitcoin transactions can be subject to fraud and theft. For example, a fraudster could pose as a Bitcoin exchange, Bitcoin intermediary, or trader in an effort to entice you to send money, which is then stolen.
Unlike banking institutions that can provide FDIC insurance, there are no such safeguards provided to digital wallets.
Bitcoin payments are not reversible. Once you complete a transaction, it cannot be reversed. Reversing a transaction depends on the willingness of the recipient to do so.
When researching and evaluating a potential investment, investors must decide for themselves whether the investment fits with their time horizon, financial circumstances, tolerance and preference for volatility, and risk of loss. Anyone thinking of investing in Bitcoin or in Bitcoin-related investment opportunities should do their research, be prepared for significant price gyrations, and proceed with caution.
For more information on investment choices for your retirement plan, please call the Participant Resource Center at 888-608-2680.
Life Insurance Solutions
58% of workers said a life insurance benefit is very or extremely important to them or their families.1
58%
LIMRA and Life Happens; 2024 BEAT Study
Introducing:
Group Whole Life Insurance
Benefits Designed for Contractors.
Some construction companies offer group term life insurance.
But a reliance on group term life may be risky for your employees.
Group Term Life
- Not permanent and not portable
- Generally lost at termination and seldom continued by worker
- Less than 2% ever result in a death claim
- Builds no cash value
- Inexpensive at younger ages, but cost goes up each year
vs.
Permanent Whole Life
- Designed to provide protection for a lifetime, not just the period of employment
- Guaranteed death benefit
- Guaranteed cash value growth
- Level premium for life
- Dividend eligibility(160+ years of consistent dividends)
The Classic Win-Win.
Contractors can use fringe benefits to provide a more secure future for employees while also helping the business save money.
Nearly 6 in 10 workers with children under age 18 count on their workplace life insurance coverage to protect their loved ones, and delivering on this care can help to minimize your their financial stress and distractions at work. This has been proven to impact productivity.
Your company wins too — by using fringe dollars to fund the benefit, you minimize payroll expense and improve your margins.
*LIMRA.com Facts about Life 2024 Workplace Benefits
You may be thinking…
“I already offer a retirement plan, why does my team need whole life insurance, too?”
Permanent life insurance is not an alternative to a retirement plan, it’s an addition. We like to look at it as providing three pillars of financial security — retirement, health benefits, and permanent life insurance.
The Group Whole Life Difference
Do you want your employees to feel secure knowing their family is protected, while also saving money and improving your own benefits?
We have just the thing for you.
Employer Portal
Employer Portal
Putting control of your financial future at your fingertips! Check you account balance, make changes to your investment, or your savings rate, and more.
Financial Education
Creating a prosperous future for yourself and your family isn’t always easy. We know that. That’s why we offer tools that can help you to better understand things like saving, budgeting, and investing.
Get Help
You’re not in this alone! We have spent 30 years helping workers like you to understand their benefits and make the right choices.
Employee Portal Login
Your Account
Putting control of your financial future at your fingertips! Login to check your account balance, make changes to your investment, or your savings rate, and more.
Get Help
You’re not in this alone! We have spent 35 years helping workers like you to understand their benefits and make the right choices.
Medical Solutions
Only 35% of non-union construction workers have employer-based health insurance.1 Hard to understand when over 170,000 nonfatal injuries and illness were reported in 2023.2
1Health Insurance Coverage in Construction, CPWR
2U.S Bureau of Labor Statistics
65%
Non-Union Construction Workers Without Health Insurance
Medical benefits that work for everyone.
By investing in the health and well-being of your employees, you can create a win-win situation with a healthier, more productive, and more loyal workforce.
- Financial protection: Construction workers face high risks of accidents, injuries, and illnesses. Health insurance protects them from the financial burden of medical bills and treatments.
- Access to care: Health insurance provides access to preventive care, like annual check-ups and vaccinations, which can help detect and prevent potential health problems before they become more severe.
- Peace of mind: Knowing they have access to necessary medical care without facing overwhelming costs provides employees with peace of mind and reduces stress, potentially leading to better physical and mental well-being.
- Improved health: Studies show that individuals with health insurance are more likely to seek regular check-ups and preventative care, ultimately leading to improved overall health.
- Attracting and retaining talent: In the competitive construction industry, offering comprehensive health benefits sets companies apart and can be a key factor in attracting and retaining skilled workers. Research shows that employment-based health insurance can dramatically reduce turnover rates.
- Increased productivity: Health insurance reduces absenteeism by promoting preventive care and timely treatment of illnesses and injuries. A healthier workforce also translates into increased focus and a more productive workforce.
- Improved workplace morale: Providing health benefits demonstrates a company’s commitment to employee well-being, fostering loyalty and creating a more supportive and healthy work environment.
- Reduced long-term costs: While there are upfront costs associated with providing health insurance, they can be offset by decreases in absenteeism and increased productivity, ultimately impacting the company’s bottom line.
- Tax benefits: Health insurance can provide tax benefits such as deductions for certain medical expenses, employer contributions to health plans, and payments on premiums employees make directly for their own or dependents’ coverage.
- Flexible options: Beneco has options to build a plan tailor made to fit your company’s needs, including traditional group health insurance, and Health Reimbursement Accounts (HRAs), Dental, Vision and more!
“Some of my contractor clients were struggling to control their payroll and healthcare costs. Beneco’s solutions not only allowed them to better control these costs, but afforded the companies significant savings in payroll, general insurance, and workers compensation premiums. They are so pleased to have partnered up with Beneco, and so am I.”
~ Andy Teeter
BUILD WITH BENECO
Are you a contractor looking to keep your employees healthy and happy, and save your business money? You've come to the right place.
Contact us for a no-hassle consultation, or join us for one of our free webinars or seminars to answer your prevailing wage questions. We are always happy to help find solutions to help you and your team.
Retirement Solutions
Retirement Solutions
Only 26% of wage-and-salary construction workers are participating in an employer-sponsored retirement plan.1 This is significantly lower than the 34% of workers in all industries combined.
1Aging and Retirement Trends in the Construction Industry, CPWR Data Bulletin, Feb. 2025
26.4%
Construction Workers Participating in a Retirement Plan
Beneco — Your Partner for Retirement Solutions
If you’re looking for a retirement plan that puts your needs first, Beneco provides exceptional fiduciary protection and compliance support. Our investment options are managed by seasoned experts, helping contractors save efficiently and confidently. Discover how Beneco simplifies and secures your savings, allowing you to focus on building for the future.
FOR EMPLOYEES
Our unique 3-in-1 Retirement Plan.
Developed exclusively for prevailing wage contractors, our unique plan enables you to attract, reward, and retain workers, helping them build toward a financial future that paying in cash may not help them achieve. It can also help save your business money.
Our retirement solution allows you to fund your plan with prevailing wage fringe dollars, which can increase participation and contributions. You’ll also avoid corrective distributions and possibly eliminate the need for Safe Harbor contributions.
The Beneco 401(k) gives you the ability to maximize profit sharing capabilities. Fringe dollars contributed to a bona fide trust for the employee’s benefit can be considered a profit-sharing allocation. As a result, the fringe dollars “offset” field employees’ profit-sharing contribution, allowing plan sponsors to contribute to key non-field employees.
Our 401(k) allows for voluntary elective deferral contributions and access to premium investment options backed by the highest technology standards in strength and security.
FOR OWNERS
Lower your payroll expense.
Save more and save better for your own retirement.
Everyone wins.
For those contractors that do substantial prevailing wage work, we can also use this unique 3-in-1 Retirement Plan and our compliance expertise to help you maximize tax-deferred contributions to your own retirement plan.
“We have a really good core group of guys that are loyal and will fight for our company. We’ve got to return that back to them and treat them the way that they need to be treated with the respect and dignity of really caring about them. That’s what we try to do as a company. Its really important to provide that security in retirement for the guys out in the field.”
~ Tom R, President, Champion Electric
Peace of mind at your fingertips
Our user-friendly employee portal puts your employees’ financial security at their fingertips. Plus, our Participant Resource Center is just a phone call away if they need any assistance (in English or Spanish).
Our portal allows you and your staff to manage your company’s retirement benefits in one place, saving you time while providing peace of mind.
BUILD WITH BENECO
Are you a contractor looking to create a more secure and prosperous financial future for yourself and your workers?
We can help.
Contact us for a hassle-free consultation, or join us for one of our free webinars or seminars to get answers to your prevailing wage questions. We are always here to help find solutions that can save you money and support your team.
Prevailing Wage Solutions
How important are employee benefits?
78% of employees say they are more likely to stay with an employer because of their benefits program
*unitedinsurance.net
What does Beneco do? Provide prevailing wage solutions for contractors.
The benefits needs of contractors can be complex, especially those who work on prevailing wage projects. Between trying to keep costs down, bidding competitively, and attracting and retaining employees, throwing employee benefits into the mix can seem overwhelming. But have no fear; we have focused on one thing for almost 40 years—building prevailing wage solutions that cater to the unique challenges and opportunities of the construction industry.
Beneco can help you unlock hidden savings on payroll costs
Are you overpaying on payroll costs? Many construction companies unknowingly lose thousands each year by mishandling fringe benefits. Our Fringe Savings Calculator helps you see exactly how strategic benefit contributions can save your business money — without cutting employee pay.
Want to learn more about your findings or get a personalized savings breakdown? Contact us for a free consultation.”
Cost Savings Calculator
Please input all the values!
So what makes Beneco’s benefit solutions different?
Aside from our deep-rooted expertise in construction and prevailing wage and our exceptional team of benefits professionals, our clients often choose Beneco for several reasons:
40 Years and Counting
Prevailing wage benefits can be challenging. For nearly 40 years, we have been dedicated to meeting the unique needs of contractors, giving us a level of expertise in prevailing wage that few others possess.
Real Outcomes
We assist contractors in saving money, growing their businesses, and supporting their valuable workers—all at once. Contact us to find out how.
One Number to Call
We partner with some of the best service providers, and through our team-based approach, we can handle all of the coordination for you to make your life easy.
We're Built on Strong Values
Our Core Values are fundamental to how we build relationships with our clients and each other. They serve as our compass every day.
We don’t do it alone.
We partner with top-tier providers to bring you one turnkey solution.
By partnering with top-tier providers, we have created an exceptional benefits platform for contractors. These partnerships give you access to premier investment products, institutional-level investment management, the highest level of fiduciary protection, and leading compliance and payroll services and technology. We’ve streamlined it so you only have one number to call for assistance.
Build with Beneco
Ready to learn how Beneco's benefits solutions can help your company and employees?
Contact us for a no-hassle consultation, or join us for one of our free webinars or seminars to answer your prevailing wage questions. We are always happy to help find solutions to save money and take care of your team.