|
Plan Year Ending |
RMEIs |
Original Subsidy |
PDA Appeal |
Subsidy Change |
Rate |
|
PYE 2007 |
2,600 |
$ 1,225,000 |
$ 1,350,000 |
$ 125,000 |
10.20% |
|
PYE 2008 |
2,800 |
$ 1,195,000 |
$ 1,300,000 |
$ 105,000 |
8.79% |
|
PYE 2009 |
2,900 |
$ 1,380,000 |
$ 1,440,000 |
$ 60,000 |
4.35% |
|
PYE 2010 |
3,100 |
$ 1,440,000 |
$ 1,530,000 |
$ 90,000 |
6.25% |
|
Totals |
2,850 |
$ 5,240,000 |
$ 5,620,000 |
$ 380,000 |
7.25% |
At Part D Advisors, we understand how important it is for businesses to maximize their subsidy payments in order to continue to provide quality benefits for their employees and retirees alike. Subsidy payments can go a long way in keeping costs down for both employer and employee; ensuring retirees are able to continue receiving the benefits they’ve earned. Because PDA specializes in maximizing recoveries from both ongoing and reopened subsidy applications, Corporate Plan Sponsors can rest assured they’re getting the greatest value for their employees. As industry leaders and innovators, we handle every aspect of the application process for our corporate clients, efficiently and effectively, saving the clients’ internal resources so that they can get back to business.
Corporate Client Case Studies
-
+$670K
Multinational Automotive and Aircraft Supplier
Reopening Appeals 2007-2010
Net gain: $670 thousandThis corporation specializes in complete seating and electrical power management solutions for the automotive and aircraft industries and beyond with over 115,000 employees worldwide. Their commitment to providing the best customer service and the best product available is equal only to their commitment to the well being of their employees and retirees. They contracted PDA to reopen four plan years from 2007-2010 and increased their subsidy payment by over $650,000, a gain of over 37%.
Plan Year Ending
RMEIs
Original Subsidy
PDA Appeal
Subsidy Change
Rate
PYE 2007
1,000
$ 435,000
$ 590,000
$ 155,000
35.63%
PYE 2008
1,000
$ 485,000
$ 645,000
$ 160,000
32.99%
PYE 2009
1,000
$ 515,000
$ 670,000
$ 155,000
30.10%
PYE 2010
1,000
$ 360,000
$ 560,000
$ 200,000
55.56%
Totals
1,000
$ 1,795,000
$ 2,465,000
$ 670,000
37.33%
+$380KMultinational Chemical Corporation
Reopening Appeals 2007-2010
Net gain: $380 thousandAs a multinational group with over 50,000 employees worldwide, this group is committed to combining the power of science and technology to passionately innovate what is essential to human progress. With such a lofty goal, it’s no wonder they feel a great responsibility for the well being of their employees and retirees. Long after an employee retires, the company continues to value their involvement and years of services to the corporation, a sentiment they express by providing health and prescription drug benefits to those who have left. To ensure their retirees are getting the best of the best, this group hire PDA to reopen four plan years. Below is a summary of their results.+$820KMultinational Coal Production Corporation
Reopening Appeals 2006-2011
Net gain: $820 thousandAs one of America’s Largest Private Companies, this company has been a leader in the business of coal production for over 75 years. To them, being a leader means an unyielding committing to provide their clients with the very best in quality and service. This commitment to customers is second only to that of their employees. It is the company’s goal to provide every employee with the very best in safety, equipment, training, and supervision. This commitment extends beyond an employee’s active employment with the company and into their retirement years. The company hired PDA to reopen five plan years and has recently contacted us to reopen an additional two.Plan Year Ending
RMEIs
Original Subsidy
PDA Appeal
Subsidy Change
Rate
PYE 2006
2200
$ 1,700,000
$ 1,800,000
$ 100,000
5.88%
PYE 2007
2,400
$ 1,900,000
$ 2,100,000
$ 200,000
10.53%
PYE 2008
2,400
$ 2,000,000
$ 2,200,000
$ 200,000
10.00%
PYE 2009
2,500
$ 2,300,000
$ 2,500,000
$ 200,000
8.70%
PYE 2011
2,600
$ 2,500,000
$ 2,620,000
$ 120,000
4.80%
Totals
12,100
$ 10,400,000
$ 11,220,000
$ 820,000
7.88%