Originally known as Employee Benefits Cooperative, the company was formed in 1989 under the leadership of Bill Herriges. As a budding, regional cooperative, it provided employee benefits programs to clients of its long-established parent company, Insurance Cooperative Agency, where Herriges had previously risen to the role of president.
The cooperative expanded and delivered valuable flexible spending account and COBRA administration amongst the 1990s’ technological changes and an evolving employee benefits market.
In light of an ongoing, industry trend of cooperatives either merging or simply going out of business, Herriges decided in the early 21st century to forge a different path for the company and led Employee Benefits Cooperative’s transition into an employee-owned corporation. The member-owners saw eye-to-eye with Herriges, voting unanimously on December 12, 2001, to turn the cooperative into the employee-owned Employee Benefits Corporation.
Employee Benefits Corporation blossomed under its new 100 percent employee ownership. A wave of increased business demanded growth in the company’s staff, more efficient administration technology and dedicated customer service teams.
|Employers also began to seek out affordable health care solutions, and we introduced our health reimbursement arrangement administration to meet the demand. While Herriges retired on December 31, 2005, Shelly Alexander succeeded him in his position and, along with each employee, carried on the company’s drive to branch out on a wider scale and its record of innovative, efficient and valuable benefits administration.
Employee Benefits Corporation administers a full range of IRS-approved benefit plans and products, including:
We also provide compliance services for thousands of clients throughout the country.
Today, we're increasing and expanding our expertise. We're designing new web and administration technology. We're engaging our clients and participants with useful information in new ways. We're embracing our employee ownership.
We're making it easy for brokers, clients and participants.