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The business operations of ACBG are guided by the Board of Directors. The Board consists of one person from each of the Member companies of American Construction Benefits Group, LLC, the parent company.
It is important that the Board be able to meet and make decisions in a timely manner. Therefore, ACBG requires that each Board member must be vested with the power to make decisions on behalf of the Member company that he or she represents.
ACBG’s corporate governance model also includes several committees that make recommendations to and report to the Board. These committees include:
Audit
Investment
Wellness
Benefit Plan Design
Compensation & Benefits
Committee members must also be vested with the power to make decisions on behalf of the Member company that he or she represents.
ACBG Profile of a Desirable Member Company:
Privately Owned Entity (No foreign or public ownership)
Financially Strong - $10M Minimum Net Worth
Federal Income Taxpayer (Including Deferred Taxes)
Over $750,000 of Annual Employer Healthcare Liability*
Good Management
Good Reputation
Good Loss Record
Understanding and Support of the Long Term Underwriting Approach of ACBG
Sponsored by one Member of ACBG
* Smaller contractors are accepted on a case-by-case basis.
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