In 2015, a multi-generational, family-owned plumbing parts manufacturer partnered with ACS to optimize its employee benefits program for its 260 U.S. employees. With a workforce comprising both union and non-union employees, the client sought innovative strategies to maintain competitive benefits while reducing costs.

Strategic Cost Savings & Benefits Optimization

ACS conducted a comprehensive review of the company’s benefits program, evaluating multiple strategies, funding methods, plan designs, and contribution structures. Through negotiations with both current and alternative vendors, ACS successfully:

• Reduced fixed costs by 19.5% for the company's self-insured medical plan, significantly improving cost efficiency while maintaining quality coverage.
• Optimized plan design to ensure continued affordability and sustainability for both the employer and employees.
• Strengthened vendor relationships, securing favorable contract terms and long-term stability for the benefits program.
  
  Expanding the Partnership: Retirement & Succession Planning

Following the success of the benefits overhaul, the client engaged ACS to:

• Evaluate and enhance the company's retirement plan, ensuring it remains competitive and aligns with the financial goals of both the business and its workforce.
• Support business succession planning, helping the family-owned company structure a strategy for long-term leadership continuity and financial security.

A Long-Term, Strategic Partnership

ACS continues to serve as a trusted advisor, guiding the company through ongoing benefits management, financial planning, and succession strategies. As the business evolves, ACS remains committed to ensuring the company’s workforce, leadership, and legacy are well-positioned for sustainable success.

This is a case study for illustrative purposes and should not be construed as a recommendation. It may not be representative of your experience.