John and Pam Garven, residents of Huntley and owners of Benico, Ltd., are pleased to announce the 30th anniversary of their firm’s incorporation. Benico was incorporated on April 6th of 1983.
A Quick History
John and Pam, who were both born and raised in Lake County, Illinois, founded their business, an employee benefits brokerage and consulting firm, in September of 1981. Prior to Benico’s incorporation the business operated under the DBA of The Greater Northern Illinois Group.
From 1983 until 1990 Benico was associated with a commercial property & casualty firm known as Assurance Agency where John was instrumental in starting this other firm’s employee benefits practice from scratch.
Following John’s tenure with Assurance Agency, Benico’s offices were relocated to the Northwest Corporate Center in Hoffman Estates. From 1993-1997 office facilities were leased in Hampshire, and then toward the end of 1997 the Garvens moved Benico’s offices to its current location at 11715 E. Main Street in Huntley, an office building they own located directly across from the landmark gazebo in the village’s downtown square area.
John’s professional credentials
John has made life and career-long learning very much a priority for himself and his staff. He is a graduate of Trinity International University in Bannockburn, Illinois, where he earned his Bachelor of Arts degree. Also, John has a number of professional designations including the Chartered Healthcare Consultant™ (ChHC™), Chartered Life Underwriter® (CLU®), and Registered Health Underwriter® (RHU®) designations conferred by The American College, the nation’s leading educational institution serving the insurance and financial services industries. He also holds the Accredited Investment Fiduciary® (AIF®) designation awarded by The Center for Fiduciary Studies, and recently John completed the requirements leading to being conferred the C(k)P™ (Certified 401(k) Professional) designation from The Retirement Advisor University (TRAU).
Mr. Garven is past president of the Illinois State Association of Health Underwriters, a state affiliate of the National Association of Health Underwriters (NAHU), a national trade organization representing more than 100,000 agents, brokers, and consultants who are professionally engaged in the distribution of private health insurance and related products and services. John is also an active member of the National Association of Plan Advisors (NAPA), the Society for Human Resource Management (SHRM), the Wellness Council of America (WELCOA), and since 2005 he has been associated with the Heartland Institute in Chicago as a policy advisor covering health care issues.
Scope of products and services
John and his team members are ready to assist any size business or organization by providing service and advice around the design, risk management, communication, and enrollment of its health and welfare and qualified retirement plans and keeping them compliant with respect to the federal and state laws and regulations that impact upon such plans.
Also, through various strategic alliance relationships the firm also offers the following products and services to its clients:
1. Individual life and health insurance products, include universal, variable, and term life, long term care, disability, and critical illness insurance
2. HRA and FSA administration
3. COBRA administration
4. Assistance with setting up HSAs (health savings accounts)
5. Payroll services
6. Outsourced HR services
7. Web-based benefit communication and enrollment
8. Total compensation statements
9. Wellness programs
10. Population health management
11. Commercial property & casualty insurance
Benico is a member of the Benefit Advisors Network (BAN – www.benefitadvisorsnetwork.com), a premier network of national credentialed independent benefit advisory and consulting companies. Each firm is individually recognized as a distinguished market leader. BAN promotes “best practices” sharing, technology and human capital investments, and shares expertise to support members in providing “best of class” service for their clients with the highest ethical standards.
Key to Benico’s Success?
Ask John what has been the key to Benico’s success over these past 30 years, and his answer is this – “Benico has grown as a result of two major factors – first, the proactive servicing of its clients’ needs, and second, the ongoing professional development of its staff. The value proposition we bring to our clients is that we are big enough to have the knowledge base, expertise, and depth of staff that is needed to address our clients’ concerns and issues, and yet small enough to be able to respond to client needs on a timely basis and consistently demonstrate to our clients that we care.”
Concerning Benico’s staff, Catherine Munch and Mary Bieker comprise the firm’s account management team. Both are Huntley residents, and they have 21 and 16 years of tenure with the firm, respectively. Chris Saundle, a Lake in the Hills resident, is the company’s information technology manager and network administrator.
The Garvens have lived in Huntley since 1993, and have been married for 36 years. The couple’s children and grandchildren all live nearby.
Concerning their community involvement, the Garvens serve as lay pastors at Morning Star Church in Huntley. Also, John has been active over the years in the Huntley Area Chamber of Commerce & Industry, is a former member of the board of Consolidated School District 158 in Algonquin.
Further information about Benico, Ltd. may be found by visiting its website, www.benico.com, or by calling the Garvens at (847) 669-4800.