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Generac travels an uncommon path in funding benefits.

Publication: Business Insurance
Publication Date: 17-SEP-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Generac travels an uncommon path in funding benefits.(Generac Power Systems Inc.)

Article Excerpt
Byline: Jerry Geisel

WAUKESHA, Wis.-For more than two decades, Generac Power Systems Inc. has been using a popular tax-favored vehicle for the collection and disbursement of monies related to the administration of its self-funded health care benefits plan.

That vehicle is known as a voluntary employee beneficiary association. The arrangement offers several tax advantages: Contributions to the arrangements are tax-deductible, while investment income earned on those contributions...

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