What is Fringe Benefit Plans?
Fringe Benefit Plans, Inc. is a family-owned insurance agency with a legacy of over 40 years, founded by Steve Foreman and now led by his son, Doug Foreman, representing three generations in the industry. The company specializes in providing comprehensive insurance protection and corporate benefit packages to individuals, partnerships, professional associations, and corporations across Florida and the United States. Their offerings include group medical coverage (fully insured or partially self-insured), Section 125 Cafeteria Plans, group life, dental, vision, disability insurance, long-term care, and buy/sell contracts. Fringe Benefit Plans aims to deliver a "Hassle Free" insurance experience by developing creative, tax-favored solutions to maximize value and minimize costs for their clients, supported by online enrollment and benefit administration services.
How much funding has Fringe Benefit Plans raised?
Fringe Benefit Plans has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Fringe Benefit Plans
PPP
Public-Private Partnership
What's next for Fringe Benefit Plans?
With the recent strategic investment and its substantial total funding, Fringe Benefit Plans is poised to enhance its service offerings and potentially expand its market reach. The company's focus on tax-favored solutions and streamlined administration suggests a strategy geared towards deepening client relationships and optimizing operational efficiency. Future initiatives may involve leveraging technology to further improve client experience, exploring new insurance product lines, or expanding geographic coverage. The company's commitment to a three-generation legacy indicates a stable foundation for sustained growth and adaptation within the dynamic insurance landscape.
See full Fringe Benefit Plans company page
