Risk & Business Magazine Nesbit Agencies Spring 2022 | Page 5

LOCAL FEATURE

" THE THING THAT IS MOST BENEFICIAL FOR CUSTOMERS OF ALLIANCE , PERHAPS , IS THAT THEY ARE A ONE-STOP SHOP . THEY CAN HANDLE THE SCRAP METAL COLLECTION , PROCESSING OF THE METAL , EQUIPMENT , AND LOGISTICS . "

Side Recycling being a second ( operating out of Duluth , Minnesota ), and Simko Recycling being the third , operating out of Superior , Wisconsin .
These three business all have their own long histories , with Simko being in operation since 1988 . That is to say , these companies all know what they are doing , and their being together brings a lot of experience to the table that customers would otherwise have to piece together to meet their needs .
With facilities in Minnesota and Wisconsin , each one generally operates in the same manner , but the facilities each vary slightly on their processing capabilities depending on the needs of their local community . Industrial manufacturers generate scrap metal as a byproduct of the manufacturing process . Alliance will put containers at their facilities to collect the scrap differentiated by type , process that scrap in a variety of ways , and then sell it to customers to meet their needed melt specifications . In most cases , that means having the metal processed to the point of being furnace ready .
The thing that is most beneficial for customers of Alliance , perhaps , is that they are a one-stop shop . They can handle the scrap metal collection , processing of the metal , equipment , and logistics . It really depends on what the sellers produce , what their equipment and logistics needs are , and what the ultimate buyers need . Nonetheless , handling so much of the work in-house is a huge benefit , especially when it comes to timelines and logistics .
Alliance , like any business , faces its share of challenges and risks simply doing the day-to-day . One of the biggest has been the out-of-control costs of benefits packages . Year over year , the costs to the company and the employees was climbing ever-higher , becoming unsustainable moving forward .
To that end , Shane was approached by Nesbit Agencies to see if he needed assistance in that area . After almost four years , the change has been nothing but positive . Nesbit was able to bring people to the facilities to assist with the transition in plans and answer any questions anyone might have had .
The largest benefit , however , has been the savings . For the company , more of the profits are saved and can be used to grow the business and help the employees . How much is saved ? Hundreds of thousands of dollars per year . For employees , their monthly costs have gone down hundreds , sometimes thousands , of dollars as well .
What Nesbit decided to implement , when all was said and done , was an individual coverage health reimbursement arrangement ( ICHRA ) which allowed employers to reimburse employees for premiums being paid by employees for their own health insurance plans . This ultimately led to the lower costs , lower risks all around , and an astronomical amount of savings . Several employees , in fact , went from spending roughly $ 1,300 a month to spending only $ 285 a month . That kind of savings potential is huge by any stretch of the imagination .
Alliance , more than most companies , knows the difference the right benefit plan can make to the bottom line . They also know the value of the employees working for them , and when the time came , they went to bat for those employees when they contacted Nesbit to take a look at their current plans . The savings from a company perspective have been huge , but the difference those savings made to the lives of the employees has been the biggest impact of all .
In a post-COVID world , it has become more and more apparent that employees are the essential backbones of companies . With so many people quitting their jobs , being headhunted by other companies , or simply being dissatisfied with their work , there has never been a more important time to get the ducks in a row regarding benefits . That is what Alliance was able to do for their employees , with the result of more money saved , better benefits , and a happier workforce .
For more information about Alliance Recycling Group , you can reach them online at www . argscrap . com or contact Shane Betz at ( 612 ) 588-2721 for more information .
To find out how Nesbit Agencies can help you with your benefits plans , reach out to us at www . nesbitagencies . com . +
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