TO: David Faulkenberry, President - Fringe Benefits Management Company (FBMC)
FROM: Steven Beltre
DATE: February 20, 2014
SUBJECT: FBMC’s Expansion

As we continue to rank as the largest Benefits Specialist in the United States, I understand the challenges of creating a more diverse, multi-generational workforce to our clients. Our independent relationships, as well as our years of national experience with many of our insurance partners have enabled us to expand our customized benefits package, while serving a high-degree of employee satisfaction.
In today’s economy, many large businesses are vulnerable to unintentional errors while administering benefit functions. In light of the continuous changes that have impacted and will continue to impact our benefits administration, including:
 The Patient Protection and Affordable Care Act (PAACA or Health Care Reform),
 The Sarbanes-Oxley Act (SOX),
 Health Insurance Portability and Accountability Act (HIPPA),
 Family and Medical Leave Act (FMLA),
 Consolidated Omnibus Budget Reconciliation Act (COBRA)
 Americans with Disabilities Act (ADA)
 Age Discrimination in Employment Act (ADEA)
FBMC will continue to ensure that our clients remain compliant under these IRS guidelines. These regulations have increased our administrative complexity to provide services such as managing non-discrimination testing for both insured and self-insured health plans, automatic enrollment, tracking part-time and full-time eligibility, reporting requirements, and employee communications to our clients and their employees.
In recognition to our accomplishments as a whole, I believe expanding our services internationally will allow us to provide a more robust benefit package that will attract and retain our clients. Nevertheless, it would allow us to expand our coverage from “employee-only” to a more industry-leading plan