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Fringe Benefit Group
|Adam Bonsky Joins Fringe Benefit Group|
Austin – February4, 2009 –Fringe Benefit Group, the industry leader in prevailing wage benefit plans forgovernment contractors, today announced Adam Bonsky has joined the company as executivevice president of government markets.
Contractors who bid on any type of government funded projectare subject to the federal prevailing wage provisions of the Service ContractAct, Davis-Bacon Act or its state or municipal counterparts. Since 1979, Fringe Benefit Group (“FBG”) has helpedcontractors be more competitive when bidding on government jobs by offering flexiblebenefit solutions that can significantly reduce a company’s payroll burden. FBGhandles all aspects of a prevailing wage benefit plan, from set-up todistribution, and ensures compliance with IRS and Department of Labor regulations.Today, FBG provides valuable retirement and medicalbenefits to thousands of hourly and salaried workers on government funded jobs.
Adam Bonsky brings nearly two decades offinancial services, employee benefits and insurance industry experience to thisnew position. He joined FBG after serving as the Northern California regional managerfor Gevity, an industry-leader in human resource outsourcing, where he wasresponsible for management of its field sales and service personnel. Prior toGevity, Bonsky held positions as vice president of relationship management and vicepresident of client operations and product development for Union Bank ofCalifornia. He also worked for many years at Transamerica Retirement Services asvice president and director over client management, business development andproduct development functions. Bonskyreceived his B.A. degree from Harvard University.
Bonsky believes there is significant opportunityfor FBG in 2009 and beyond as a result of President Obama’s proposed economicstimulus plan. “The president’s plan, which includes funding for hundreds ofthousands of new jobs in the construction industry, is providing Fringe BenefitGroup with an opportunity that only comes along once in a lifetime,” said Bonsky.“We have more than 30 years of experience serving government contractorsworking on prevailing wage jobs and now more than ever before, we can helpcontractors be more competitive and profitable while offering top qualitybenefits to their employees.”
About Fringe BenefitGroup
The Austin, Texas-basedFringe Benefit Group and its affiliate companies have helped employers designand administer fringe benefit programs since 1983. Through its nationwidenetwork of independent brokers and agents, the Fringe Benefit Group hasestablished itself as the leader in government contractor health and welfareand retirement plans. Drawing on its expertise in the prevailing wage segment,the company has also emerged as a leader in group benefit plans designedspecifically for hourly and part-time workers (limited benefit programs). Formore information, log on to www.fringebenefitgroup.com. ###