Established Market Presence Beneco has nearly four decades of experience in providing prevailing wage solutions, demonstrating strong industry expertise and a proven track record of supporting over 60,000 contractors, which indicates a solid customer base and stability in the financial services niche targeting contractors.

Financial Strength With reported revenues between 50 to 100 million dollars, Beneco shows significant financial performance and resources, making it a compelling partner for expanded financial products, benefit plans, or related services aimed at contractor clients.

Strategic Acquisition Being acquired by Ascensus in 2019 highlights Beneco's growth potential and access to advanced technology and expertise, opening opportunities to bundle innovative retirement and savings solutions tailored to their contractor-focused customer base.

Industry Recognition Beneco has received multiple awards for cost efficiency and operational excellence, such as the ‘Ace of Tariffs’ and ‘Gold Stellar,’ signaling operational stability and a reputation for delivering value, which can be leveraged to upsell advanced financial services or enhanced HR solutions.

Growing Leadership The appointment of experienced leadership, including hiring a new general manager in 2021 and a CEO in 2018, shows ongoing investment in strategic management, suggesting there are opportunities to introduce innovative financial products and solutions aligned with their expansion plans.