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New IFAI member benefits

January 24th, 2019 / By: / News

IFAI has created new member benefits over the past year. For more information about each benefit, visit https://www.ifai.com/membership/member-benefits/.

 

Marine Fabricators Business Insurance

The Marine Fabricators Business Insurance program is tailored to MFA division members and their unique risks and exposures. The best in practice program offers these insurance lines with competitive pricing:

* Property—property contents coverage, business income and equipment breakdown

* Inland Marine—coverage for tools and equipment, employee tools

* General Liability—coverage for premise/product liability/fire/medical payments/employee benefits liability/ damage to customers property by your work in your custody

* Auto Liability—owned vehicles and non-owned/ garage keepers (in vehicles in your possession)

* Work Comp / Employers liability

* Umbrella—excess coverage

* Cyber Liability—data breach

* EPNI Employment Practices Liability Insurance—harassment and discrimination

In addition, the insurance program provides tools and resources that can help in reducing risk, management claims and ultimately reducing total cost. Tools and resources such as Think HR along with access to risk management / safety materials, safety trainings, learning management systems and claims advocacy / best practices.

Contact: Ryan Onken

Business Insurance – Marketing Specialist

763 746 8274 Ryan.onken@marshmma.com

 

Textile Industry Retirement Plan

An exclusive benefit available to U.S. IFAI members. By participating in the Textile Industry Retirement Plan, members can provide employees with a 401K plan that saves money and saves time in administering it.

Plan Benefits:

* No individual annual plan audit

* No individual Form 5500 reporting

* Competitive pricing and cost savings on investments

* Flexibility including Safe Harbor and Roth

* Customizable 401(k) plan design including eligibility, matches and vesting schedules

The Textile Industry Retirement Plan acts as one large plan and is treated as such from a government reporting perspective. It has a suite of competitive investment options, provides employee education, and most of the administrative duties fall to the plan saving members time and resources.

The administrative tasks are handle by Transamerica, our partner in the Textile Industry Retirement Plan.

Members can have their current plan evaluated at no cost, by contacting:

Zachary Allyn, Regional Vice President, Retirement Plans

319-721-3885 zachary.allyn@transamerica.com

 

Energy Consulting Services—APPI

APPI Energy is the preferred provider of energy procurement services for our members. Through APPI Energy’s program, members have access to data-driven energy solutions designed to save time and create budget certainty. Members with facilities in deregulated natural gas and electricity U.S. markets can take advantage of this solution. Every day, APPI Energy identifies the wide range of energy supplier prices across the country and utilizes that data to provide the lowest prices available among many vetted, competing suppliers. APPI Energy can be contacted at 800-520-6685. For more information, visit https://www.ifai.com/membership/member-benefits/member-discount-programs/

 

Worldpay

Credit Card payment processing available to U.S. and international members.

Members can access discounted payment processing through Worldpay. The company offers a comprehensive suite of traditional and innovative payment processing and technology solutions to members of all sizes, enabling them to address their payment processing needs through a single provider. Worldpay builds strong relationships with members, helping them become more efficient, more secure, and more successful.

For more information about Worldpay contact:

Pattie Mercier Senior Partnership Manager 978-807-2972 pattie.mercier@worldpay.com

 

PartnerShip

Discounted freight and shipping program. Savings on standard and guaranteed LTL freight shipment with UPS Freight, YRC Freight and others. Competitive rates on full and partial truckload shipment using quality national and specialized carriers. Specialized services including inbound management and exhibit transportation.

Members can create an account at PartnerShip.com/IFAI: https://www.ifai.com/membership/member-benefits/member-discount-programs/

 

Textile Career Center

This newly launched initiative is aimed toward textile industry job seekers and employers. For job seekers, this offers numerous outlets to find job openings within the textile industry as well as access to a learning center, reference checking, resume writing and career coaching. For employers, this is the perfect place to post job openings and find top candidates to fill open positions. Post resumes for free. IFAI members receive a discounted rate on job postings.

For more information, visit: https://www.ifai.com/membership/member-benefits/member-discount-programs/

 

Textile Industry Health Plan (under development)

IFAI is developing the Textile Industry Health Plan that our member companies can access and offer to employees. The idea is to leverage members as a large group to secure rates and coverages that will be better than the local markets.

We are working with national insurance carriers with large network of providers throughout the United States. The plan will have a menu of options regarding coverage, deductibles and copays. In addition, the plan will have options for dental, vision and other ancillary insurance products.

The timeline for rolling out the plan is June 1, 2019. Interested members should contact Andrew Aho at 651-225-6907 amaho@ifai.com.

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