Main Street Insurance Launches New Administrative Services Platform

Main Street Insurance, www.mainstreetinsurance.com, a leading employee benefits consultant and administrative services organization (ASO), today announced a new program to provide businesses with a wide range of outsourced administrative services.

Main Street’s ASO services include payroll, bookkeeping, employee benefits, human resources, benefits consulting and insurance services, computer system support and strategic consulting. Founded by a team of insurance industry veterans partnered with the small business growth experts from StartupNation®, LLC (www.startupnation.com), Main Street focuses on providing value-added services and benefits solutions to small and mid-sized businesses, helping clients focus on what matters most – growing their business.

“Having helped found and operate dozens of small and mid-sized companies over the past fifteen years, we have developed expertise in managing the myriad of administrative services required to efficiently operate companies as they grow,” states Chris Cameron, Main Street Co-founder and CEO. “In particular, we have watched many companies struggle to manage the ever-increasing costs of employee benefits. Main Street gives us the opportunity to bring highly affordable benefits solutions and a comprehensive service model to many more companies.”

Outsourcing administrative functions is becoming an increasingly popular way for small business owners to operate their businesses more affordably while providing their employees with better benefits and service. A 2002 study by the Society for Human Resource Management reported that companies with 20 to 49 employees saved nearly $20,000 a year as a result of outsourcing administrative functions to a single vendor.

Main Street’s outsourced business services include:

• Pay-period, quarterly and annual payroll services,

• Human resource assistance and compliance, as needed,

• Health insurance (including HRA and HSA plan design and implementation),

• Non-medical benefits (dental, disability, life, AD&D and long-term care),

• Retirement plan implementation and management, including individual financial planning services for all plan participants,

• Monthly or quarterly bookkeeping services,

• Computer support services,

• An online employer service portal that allows employers to review plan benefits and costs, make changes and pay bills,

• Strategic business consulting, and

• Growth and startup capital consulting services

“We spent the past few years in a large, professional employer organization (PEO) but became very concerned about the quality of client service and the increasing costs,” states Linda Pearcy, a controller at Latcha & Associates, a Main Street client. “We are extremely satisfied with the service from Main Street. They are helping us to consolidate billing and administration of multiple benefit products and provide very high quality service to me and our employees.”

During the launch phase of this new service platform, Main Street is offering all new clients a substantial cost savings opportunity by providing free COBRA and FSA/HRA administration and a 25% discount on all computer support services until the end of 2005. For more information, please contact us at 248-430-1003 or chris@mainstreetinsurance.com.

About Main Street Insurance
Founded in 2004, Main Street USA Insurance Agency LLC (Main Street Insurance, www.mainstreetinsurance.com) is a leading benefits consultant and administrative services organization (ASO) for small and mid-sized companies with offices in Birmingham and Center Line, Michigan. A licensed, Michigan third-party administrator (TPA) and insurance agency for all the top national and local insurance carriers, Main Street helps companies optimize their benefits platform. Providing a customer-centric service model, Main Street stays engaged with clients throughout the year. This ensures benefit plans are monitored and managed to save clients money and provide the highest quality benefits available to employees. Main Street’s ASO services include payroll, bookkeeping, employee benefits, human resources, benefits consulting and insurance services, computer system support and strategic consulting.

MEDIA CONTACT: Melanie Rembrandt, 248-540-9660 ext. 333, mrembrandt@public-i.com

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