Contact the Sales Team

Our National Sales Team is Here to Help

West Coast Sales
East Coast Sales
Chris Walton Todd Kikol
Phoenix, AZ Cleveland, OH
623-850-0049 415-535-8185
Jennie Bryson Mike Mullen
Phoenix, AZ Reading, PA
801-699-1432 484-332-1737
Beneco Sales Director
Medical Broker
Jason Sperfslage Phil Kiermayr
Phoenix, AZ Phoenix, AZ
563-920-4066 484-332-1737
Specialty Retirement/
Daily Valuations
Phil Saxon
Cedar Rapids, IA

Homepage - NP


Retirement Security
Peace of Mind
Family Security
Healthier Families
Lower Costs

Turnkey Employee Benefits, Compliance Services,
and HR Solutions Custom Built for Contractors.


HR Solutions

Compliance Services

Tax Savings

Learn More

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

Construction Worker needs a Medical Plan

Tomorrow is never guaranteed.

Did you know that according to OSHA, the construction industry includes 9 of the 10 most dangerous trades (as measured by workplace fatalities)?

This is not meant to scare you. But it does mean that you should think twice about your life insurance coverage.



Specifically designed for construction workers.

Some construction companies offer group term life insurance.
But a reliance on group term life can be risky for your workers.

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


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)

Learn More

The Classic Win-Win.

Contractors like you can use fringe dollars to provide a more secure future for your workers and help your business at the same time.

Nearly 8 in 10 workers believe having a life insurance benefit at work is important, and delivering on this care can help to minimize your workers’ 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.

* Facts about Life 2021 Workplace Benefits

You might be thinking…”I already offer a retirement plan, why do my workers need whole life insurance too?”

Permanent life insurance is ​​not an alternative to a retirement plan, it’s an addition!

Three pillars of financial security

The 3 pillars of financial security are a
​retirement plan, health insurance, and permanent life insurance.

The Group Whole Life Difference

Do you want your workers to have peace-of-mind that their family is protected, while at the same time saving money and enhancing your own benefits?

We have just the thing for you.

Talk to a benefits specialist

Partner Portal

Your Account

Putting control of your financial future at your fingertips! Check your account balance, make changes to your investment, or your savings rate, and more.

My Account

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.

Learn More

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.

Contact Us

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.

My Account

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.

Learn More

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.

Contact Us

Employee Portal Login

Blue Account

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.

My Account
Blue Get Help

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.

Contact Us


Are you an insurance broker or financial advisor?

Grow Your Practice.
Empower Your Clients.
Earn More Money.

For producers, we know its not easy out there. Competition is intense. Regulations cut into margins and make doing business more challenging. But through our Strategic Alliance Program, we can help you differentiate yourself in the eyes of contractor clients and prospects, build your own business, and earn more. 

We’re proud to have worked with many like-minded partners in pursuing our mission.

Here’s why they have worked with us.

We Help You Access a Large, Underserved Market

Only 46% of contractors currently offer an employer-sponsored plan, and their workers are more than twice as likely to be uninsured as the national average. But yet, public works projects afford contractors the ability to offer valuable and needed benefits like these and at the same time, build their business and maximize their own savings.

We Help You Differentiate

We hear from our partners that it's competitive out there... thousands of advisors and agents competing for similar business. We serve a unique and specialized population where we can teach you how to be successful in selling and advising clients, but with a partner at your side who knows contractor benefits cold.

We Help You Succeed

We have built a platform that motivated producers can succeed with, complete with product education, sales enablement tools, and the dedicated support of our partner team. We are full-service, and you and your clients will love working with us because we make doing business easy.

Our mission is to make you successful.

When you succeed, we succeed…so we have made it our lot in life to build a partner program that sets you up to empower your clients, grow your practice, and earn more money. Here’s how we deliver on that commitment:

Tools and resources to get up and running

Through our partner onboarding program, we’ll get you up and running in no-time with the product education and know-how required to be successful.

Individual support from our partner team

We have a dedicated team of wholesalers whose job it is to make you successful. This is their whole reason for being, their lot in life.

Leads and marketing tools

We’ve got leads. We’ve spent 30 years getting good at identifying ripe prospects for our products.

But don’t just take our word for it

“Partnering with Beneco brings me a level of expertise and efficiency in the Davis Bacon benefits space that is unavailable anywhere else.”

​~Mike Chadwick, Principal, Chadwick Financial Advisors

“Talk about true partners! Beneco not only provides top notch service to my clients, but is partnering with my agency to help us grow our business by assisting in lead generation, marketing collateral, sales support, and co-sponsored events. They are helping me to reach the right people, at the right time, with the right message…a true partner in every sense of the word!”

​~ Chuck Swan, Founder, CDS Insurance

Beneco - benefits for the construction industry

Solutions Medical

Construction Worker needs a Medical Plan

Get This: Medical

  • Construction workers are more than 2x more likely to be uninsured than the national average.​
  • Less than half of employers in the construction industry provide medical coverage.
  • ​Not only are these workers exposed, but many of their employers are too, given the mandate imposed by the Affordable Care Act.

We are out to change this and save you money along the way.

Insured workers
Healthier workers
More dedicated workers​

Workers who are extremely or very satisfied with their employer’s benefits program are 9x more likely to stay with their employer than those who are dissatisfied.

Use tax-free fringe dollars to pay medical premiums for your workers or to help them pay for co-pays and deductibles through our unique HRA program. Oh, and save up to 8 – 10% on your payroll costs along the way.

“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

Andy Teeter Testimonial

Use fringes to get better and more flexible
medical benefits at affordable rates.

Our benefits platform allows you to use fringe dollars to access
top-notch health insurance for your workers to keep them healthy and dedicated.

For Contractors Only

We only work with contractors, and have for 30 years. This matters because administering a prevailing wage plan isn't easy. We have built our platform - our compliance capabilities, investment options, and participant resource center - with your unique needs in mind.

Carrier Agnostic

If you are looking to secure the best coverage at the lowest rates, our flexible, carrier-neutral platform allows us to shop across many carriers to find the right solution for you.

Premium Reserve

If you are a public works contractor that is concerned with interruptions in insurance coverage due to seasonal work, have no fear. Our Premium Reserve Accounting System helps prevent lapses in coverage by allowing you to bank premium dollars.

Administration in One Place

We handle the administration of your medical plan soup-to-nuts, from handling employee eligibility, to the processing of monthly premium and resolution of billing issues, to executing Form 5500s.

Customizable Medical Benefits

We offer an array of health and welfare solutions, including major medical, HRA, dental, vision, disability, and the list goes on.

Stay Compliant

Many rules and regulations come along with prevailing wage plans. Our compliance department works hard to ensure every plan stays compliant.

Are you a contractor looking to keep your workers healthy and happy, and save your business money?

Pleased to meet you. ​You’ve come to the right place.

Talk to a benefits specialist

Retirement Solutions

Fact:Retirement Solutions

Only 34% of construction workers are participating in an employer-sponsored retirement plan. Yet, according to a Payscale study, the most desired benefits among construction workers are retirement benefits.


A unique 3-in-1 Retirement Plan.

Developed exclusively for contractors, it empowers you to attract, reward, and retain workers, and help them build a prosperous financial future where they may not otherwise have one. Oh, and it can help you save money at the same time.



We bring great investment options to you and your workers.

flexPATH is the first custom target date solution with multiple glidepaths based on your risk tolerance, as well as both index and index+ management styles. 

flexPATH makes top-shelf investments (options usually only available to large employers) available to you.


“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


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.


Don’t worry… we’ve got you covered.
End-to-end. Top-to-bottom.

Our best-in-class retirement platform was built especially for contractors like you to help you reduce cost, save more and save better, and stay compliant.

For Contractors Only

We only work with contractors, and have for 30 years. This matters because administering a prevailing wage plan isn't easy. We have built our platform - our compliance capabilities, investment options, and participant resource center - with your unique needs in mind.

Best-of-Breed Partners

We have partnered with retirement industry leaders like NFP and Newport to bring you a Cadillac retirement platform in a retirement world littered with Pintos. But we coordinate with them on your behalf so you still only have one number to call.

Make Your Life Easy

You have a single point of contact to make your life easy. Behind the scenes, we are organized into client teams who know you and your plan, which ensures great coordination, ease-of-use, and a level of service quality that leaves you saying “WOW!”

Top-Notch Investments

We're bringing institutional grade investment capabilities to the average worker. Through our partnership with NFP, you'll have a team of 10 investment experts with 120+ years of combined expertise who are working on your behalf to design and monitor a lineup of top-notch investment options for you and your workers.

Fiduciary Protection

We offer a level of fiduciary protection that you may not be getting with your other provider. Through our arrangements with NFP and Newport, we share in fiduciary responsibility and help mitigate your fiduciary liability. We'll keep you compliant.


By combining a a best-in-class 401(k) plan, a fringe dollar-funded prevailing wage plan, and a unique discretionary key employee bonus program into one unified plan, you save time and reduce administrative and payroll costs... in a way that a plain vanilla 401(k) simply cannot.

Peace of mind. At your workers’ fingertips.

Our easy-to-use employee portal puts your workers’ financial security at their fingertips. And our Participant Resource Center is just a phone call away if they need help.

Our employer portal allows you and your staff to keep a handle on your company’s retirement benefits all in one place, saving you time, and making your lives easier.

Are you a contractor looking to create a more secure and prosperous financial future for yourself and your workers?

We can help. ​Let’s talk.

Talk to a benefits specialist