Our custom approach to managing fringe benefits helps government contractors lower overhead and reduce their compliance burden, all while improving contract profitability. In the complex world of government contracting benefits we strive to change industry inefficiencies with a model that is more beneficial to the client and their long-term future.
Voluntary benefits designed specifically for government contractors paid for with fringes.
As a government contractor, we can add more value to current and new awards.
Every fringe dollar tracked by employee, by hour worked, by benefit elected. Guaranteed!
AXIM Fringe Solutions Group
AXIM: Providing benefits to protect employees so you can retain them.
AXIM Fringe Solutions Group is here to help you:
– Capitalize on new opportunities while understanding the potential risks
– Create transformational benefit plans for the government contracting space that will help you attract, engage, and retain a high-performing workforce
– Utilize breakthrough technologies to improve your competitive position in the marketplace
– Understand market activity, who to partner with and how to partner with them
As the United States’ first health and welfare administration and compliance firm that’s also a government contractor, we understand the industry better than anyone else.
We partner with government contractors as a Service-Disabled Veteran-Owned Small Business to offer consulting, benefits administration, and DOL/ACA compliance for wage determination contracts under the Service Contract Act and the Davis-Bacon Act.
It’s no secret that businesses with excellent benefits keep employees longer than those with poor benefit packages. The problem is that offering benefits can be expensive. With AXIM’s benefits package, contractors get superior coverage at lower prices. In turn, they can offer their employees excellent plans that are tailored to their needs.
Not only do these benefits help keep employees happy and protected, but they also keep businesses compliant with Department of Labor (DOL) regulations. The government has begun cracking down on contractors who don’t offer employees coverage by levying fines and conducting audits.
That’s where AXIM makes the difference. Our comprehensive custom benefits packages and consulting ensure you stay compliant and retain employees with top-notch coverage. In an era where employers struggle to keep staff happy, substantial benefits packages are an essential tool to ensure employee longevity.
AXIM isn’t just another benefits supplier; we’re a government contractor, too! Our open architecture system allows us to do true benefits consulting for your company and your employees. Don’t forget, if you want to attract new talent and keep your current talent, they don’t enjoy audits any more than you do!
Schedule Your Free Consultation with one of our experts
AXIM exists to partner with you to provide depth of the arena in the GovCon market. Check out the video for more information.
Government Contractors Operate In A Complex And Highly Regulated Environment.
Compliance reporting has several “moving” performance pieces, some of which may change over the life of the contract. Contractors that don’t stay on top of their compliance are putting themselves at serious risk.
Ensuring proper reporting by employee, by hours worked, by benefit elected is just the tip of the iceberg.
We understand the prevailing wage space, especially SCA and DBA, and the requirements therein. AXIM also knows how difficult it can be to comply with all the requirements while keeping employees happy and making money.
We see countless contractors looking to grow in the space, adding contracts and employees at a high rate to offset the low margins. Not only does this multiply their DOL risk and overhead associated with the contract, but they have no counterbalance to this increased liability and workload.
Demonstrates you care about and value your employees wanting to provide a means for them to plan for their future. Not only will it help attract and retain employees, but it’s also one of the lowest-cost, highest-yielding benefits and employer can offer.
AXIM built the nation’s first and only voluntary benefits platform designed specifically for government contractors paid for with fringe dollars. Contractors can now offer better benefits that protect employees and their families- all while reducing turnover and attracting new talent.
You might have heard some myths about our benefits package being expensive, inflexible, and pretty much “take it or leave it.” At AXIM, everything is custom built for each client.
Whether it’s a fully insured or self-funded plan, AXIM can fit the needs of each company and their budgets. The team at AXIM prides itself on providing excellent coverage for contractors. You should always feel you’re getting top value out of your benefits.
Customized Voluntary Health Plans
Our plan is the first of its kind, a voluntary health benefits platform created for government contractors and paid for through fringe dollars. Our plans give maximum coverage according to employees’ needs.
With AXIM, you can let employees customize their retirement investments or trust one of our AMRS investment partners to curate a portfolio. Our website has plenty of tools to maximize employee understanding and choose the right combination of Mutual Funds and ETFs to suit their retirement goals.
Remember, 64% of full-time employees say that they would be willing to leave their current job with no retirement plan to work with an employer who did have a retirement plan.
No one is counting on Social Security to provide for their retirement anymore, and even if it’s still around when your employees retire, it won’t be enough to live on. 401(k) plans retain employees and secure their futures.
AXIM knows how to keep businesses in line with DBA and SCA compliance requirements and stay in the good graces of the DOL. We’re not a vendor or a broker; we’re a government contractor that knows contracting in a way our competitors don’t. AXIM offers:
24/7 to fringe benefit information
Reduced General and Administrative (G&A) overhead
Our strategies are transparent, comprehensive, and restriction-free, and the best part is it’s all paid with fringe dollars!
What are fringe dollars? You may get tax breaks depending on the amount of fringe money you pay to employees. These fringe dollars, or fringe benefits, can come in many forms. Cash is one of them, but other benefits such as company housing or a company car also qualify as fringe benefits.
We believe in taking care of employees with fringe benefits that positively impact their health and their future. With excellent health plans and retirement packages, AXIM sets up employees for long-term success.
Think about how much time you spend on compliance now. Monitoring every employee’s role, keeping track of their changing requirements according to DOL standards, setting prevailing wages, making sure they each have the right benefits — it can be dizzying!
Documentation and reporting can take a lot of day-to-day expenses and manpower, which should be directed towards more important parts of your government contract. When your staff is pulled away, it wastes their time and destroys your bottom line.
Your staff has better things to do. At AXIM, we have no higher calling than to ensure your compliance, so leave that burden to us.
Are you prepared for an audit?
Fringe Rates: Are you paying your employees the right fringe rate?
Base Wages: Are you paying proper wage rates by job classification?
Labor Categories: Are your employees correctly classified under the contract?
Fringe Benefits: Are your benefits competitive enough to attract and retain SCA employees?
Ensuring compliance requires paying attention to various moving parts that may change over the life of a contract. To stay compliant, you’ll need to keep on top of things like place of performance changes, fringe rate adjustments, inaccurate wage determinations, paid sick leave, incorrect job classifications, and more.
If the DOL chooses your company for an audit, they can be on-site in as little as two days, reviewing your company records and interviewing 20% of your staff.
With AXIM, this is no longer something you have to worry about! We guarantee compliance with full DOL support. To have DOL compliance, we’ll ensure you have the correct job title and prevailing wage for each employee.
Our guarantee puts our own finances on the line, so we’re serious when we say we guarantee compliance.
In recent years new government regulations have focused on tighter compliance. Government contractors can’t afford to not be on top of compliance because the cost of noncompliance can be detrimental.
Start with a free consultation with one of our AXIM Solution Professionals. We’ll customize a program that attracts and retains employees to service your contract, maximizes employees dollars, and balances the business buy-in.
Technology that is configurable for your needs
The AXIM experience includes an eagle eye view into the process, pricing, and analytics that your leadership needs to make the best decisions. A fully informed leadership team promotes trust in the experience, and in turn, employee loyalty.
We know government contracts (it’s our expertise)
Compliance can be scary but that doesn’t have to be your experience. With AXIM, you can be sure that your options address the legality and variability for ongoing and newly awarded contracts.
Who Is AXIM?
AXIM Fringe Solutions Group, LLC (AXIM FSG) is the nation’s first and only health and welfare administration and compliance firm that is also a government contractor. AXIM FSG partners with government contractors providing consulting, benefits administration, and DOL/ACA compliance for wage determination contracts (Service Contract Act and Davis-Bacon Act).
Using a custom approach to fringe benefits we can help contractors more efficiently manage compliance avoiding costly fines/debarments- all while lowering overhead/G&A and
improving contract profitability.
We provide 100% fully transparent reporting to clients and their employees. When you do something right, there’s nothing to hide
The AXIM Difference
We’re the only fringe benefits provider that gives you a compliance guarantee that assumes financial responsibility for penalties and infractions while we’re working for you. We’re government contractors too, so we understand the possible pitfalls. AXIM provides:
Improved contract profitability
100% transparent reporting
Efficient compliance management
DOL compliance doesn’t have to be a headache, SCA compliance doesn’t have to be scary, and solid benefits packages don’t have to bust budgets. That’s the AXIM difference.
You might think that the simplest way to use fringe dollars is to provide cash disbursements to employees. Yes, it’s simple, but it’s also wasting those dollars. AXIM makes it simple to use these dollars in a productive way that can increase your profit margins by up to 3%.
AXIM can show you how easy it really can be to subcontract your compliance and put those fringe dollars to good use. Your employees will be happier, your accounting department will be more optimistic, and you’ll be more satisfied. Using AXIM really is “set it and forget it.”
Part of being transparent is having accurate reporting. Every document that needs to head off to the DOL is available for you to see. We ensure your records are all correct with accurate information and let you peruse them to your satisfaction. They’re stored safely and electronically, so you can access them from anywhere in the world.
Thanks to AXIM, you never have to worry about a document not getting sent in time. We keep a detailed schedule of when and how to file reports to the DOL, so you don’t have to. Unlike some other firms that just send reminders, we’re proactive and take the initiative ourselves.
Cybersecurity is rightly a huge topic these days. The Department of Defense (DoD) is bolstering its Cybersecurity Maturity Model Certification (CMMC) with a second version, which requires strict safety protocols with sensitive data.
AXIM employs the latest cybersecurity software and hardware to make sure essential data stays safe. Your employees don’t need to worry when you choose AXIM to provide their plans; their personal information is in safe hands.
We ensure your sensitive data is backed up and ready in case of a disaster. Whether hard drives fail, computers get damaged, or hackers try to sneak in and encrypt valuable information, we know how to keep sensitive documents safe yet accessible.
Ultimately, we want to do more than just provide benefits and call it a day. AXIM values our partner relationships, and we strive to offer a complete experience for our clients.
We have answers when you have questions, and when there are technical glitches, we have solutions. We’re here for them when your employees want to change their benefits or 401(k) plans. If you’re looking for an aloof, faceless benefits provider, sorry, that’s not us.
Contact AXIM Today
If you’re ready to create a better environment for your employees, an environment that shows them they’re valuable and plans for their future, we’re ready to talk. AXIM will be happy to meet with you to consult about the plan that makes sense for you and your staff.
Through our unique technological capabilities, predictive analysis, and our contracting and benefits benchmarking tools, AXIM is the solution you need. We’ll work with your budget and provide education and advice for the long haul. Interested? We thought so. Let’s talk! Contact us via phone or email. We look forward to meeting with you.
Get Started With
Connect with an AXIM Solutions Advisor to start the conversation about a unique and customized solution that fits your business needs.
We rely heavily on AXIM’s industry-leading compliance practices and expertise as we work our way through SCA requirements to ensure our employees are properly receiving SCA benefits as well as helping them understand how they work. They are truly a trusted advisor and we couldn’t do it without them!”
JW, HR Director
A client needed guidance in the SCA GovCon Space with setup & ongoing maintenance of a well-produced onboarding process and beyond. AXIM provided SCA guidance, benefit administration support, and compliant SCA fringe accounting support to fill the clients gap spaces. AXIM provided invaluable expert SCA guidance and support, compliant and cost-effective benefit packages and a relationship with a trusted advisor.”
The client was seeking a solid & informed broker relationship with specific knowledge of GovCon and SCA regulations. AXIM provided the client with the necessary SCA support, mitigated carrier issues, and reduced the client’s burden of time spent on the compliance and benefits research and interpretation. The Ease Portal helped to improve the client-employee relationship.”
Get Started With
Connect with an AXIM Solutions Advisor to start the conversation about a unique and customized solution that fits your business needs.