Posted by: danielrashke | March 2, 2015

Not For Sale

A news release last week really caught my attention! Like coworkers, friends, and associates, I was completely taken aback to learn that Engility Holdings, Inc., of Chantilly, Virginia had “completed its acquisition of TASC, Inc.” The news turned the heads of more than a few individuals in our industry…

Let’s set the record straight, this is not us.

Maybe you also saw this news, perhaps in a business news publication or website out there.  It seems that the TASC referred to is a leading provider of enterprise systems engineering, mission-enabling architectures, and value-based solutions for the national security and public safety markets. And Engility is a pure-play government services provider that delivers highly skilled personnel in a cost-efficient manner.

Obviously, this is NOT the same industry as my company. My TASC is the largest privately held, third-party administrator (TPA) in the nation. Through our service offerings, we provide over 60,000 sole proprietors, family farmers, and business owners nationwide with innovative, tax-advantaged employee benefit programs.

And we are not for sale. However, we are buying. So if you know of any TPAs wanting to get out of the business, send them our way.

Posted by: danielrashke | February 20, 2015

United Way Campaign

Dan with UW Staff 02 16 15

Dan Rashke with United Way Employees

I am truly honored to serve as the new campaign chair for United Way of Dane County.  My year in this role officially kicked off on Thursday, February 12, with the Campaign Cabinet Orientation meeting. What a rousing kickoff to the campaign! We started the meeting with a DJ pumping out some vintage rock n’ roll, quite in tune with this year’s hopes to “rock” the campaign!

While we enjoyed having some fun at the start of our meeting, the seriousness of our work is never far from my mind. We want to help change the human condition for the better in Dane County, and my goal for this year is aggressive, but obtainable: to meet our fundraising goal of 20 million dollars.

Fortunately, I have plenty of help. The amount of experience and intelligence on the United Way 2015 Cabinet is impressive. I look forward to working with these fine individuals throughout the year.

On a personal level, I hope to make a difference by providing experience and business expertise to the United Way, by helping to create and communicate the United Way value propositions, and by leveraging my network for making what I call “The Big Give.” Throughout, I’ll endeavor to learn more about our community, more about the people, and possibly more about myself.

Where will YOU leave YOUR mark? Will you reach out and engage a first time giver? Will you take the time to ask his/her opinion about how to improve the processes and procedures that can help take the United Way to the next level? Trust me when I say: without a doubt there is a contribution that only you can bring.

But most of all, have fun! Part of the fun is that you will get something out of this, whether it’s an opportunity to learn, to think strategically, or to hone your collaboration skills. Take advantage of these opportunities. Engage and be enthusiastic to rock the 2015 campaign and beyond!

Together we will achieve great things, we will leave our mark, we will hit our campaign goal, and we’ll have fun doing it.

Posted by: danielrashke | January 22, 2015

A December to Remember

I am more than excited to announce that our microbusiness sales department had a GREAT December! Our AgriPlanNOW and BizPlanNOW service offerings were literally flying off the shelf in the last month of 2014. In just 31 days our microbusiness sales team sold 742 AgriPlanNOW and BizPlanNOW Plans. Add that to 216 small group Flexible Spending Account Plans and it spells a record breaking month. We haven’t seen this level of microbusiness sales in one month in more than 10 years.

As a point of reference, in December of 2013 we sold 341 Plans. That means we experienced an increase of 217 percent in December of 2014 over the same month in 2013. And in a total team effort, our night processing team stayed until midnight on December 30th and 31st to ensure that all these new Plans were up and running on January 1, 2015. Way to go team!

How do we explain this increase in sales? TASC offers more services for small employers than anyone else in the industry. For example, TASC’s No Limit Plan offers Clients a self-funded health Plan that meets all Healthcare Market Reform requirements. Group insurance is not required, and there is no limit to the amount of insurance premiums or out-of-pocket medical expenses that can be reimbursed to employees. In addition, we offer Non-Employer Sponsored Premium (NESP) and Non-Excepted FSA Accounts (NEFSA) Plans. With an NESP employers and employees can contribute tax-free dollars toward individual health insurance, while an NEFSA allows employers and employees alike to contribute tax-free dollars to help employees pay for eligible out-of-pocket medical expenses.

TASC made the bold decision to offer these Plans when our competition did not. In the end, our competitors were actually recommending business to us. We challenged our microbusiness sales team to step up in December, and they really got the message. In one single December day we handled more than 100 sales!

Congratulations to our microbusiness sales and processing teams for a job well done. And welcome to all of our new small business Clients. At TASC we will do our best to continue to earn your support throughout the rest of 2015 and into the future.

Posted by: danielrashke | January 6, 2015

TASC is 40!

TASC_40th_Logo_RGB_WEBBack in 1975, my father said goodbye to farming and began his career as an insurance agent in Stevens Point, Wisconsin. What a life-changing event that turned out to be for my dad. Little could he guess at the time what his small insurance agency would grow up to eventually become. Or what an impact that job switch would have on the life of his youngest son.

Now it is forty years later. From that small insurance agency in north-central Wisconsin, my father’s company has grown into one of the largest third-party administrators of employee benefits accounts in the country. At the time we moved from Stevens Point to Madison and had three employees—me, my dad, and an assistant. That was 1987. Sometime during 2015, we will hire or acquire our 1,000th employee.

TASC has steadily grown by providing tax saving solutions to the segment of the workplace that’s all too often overlooked by traditional third-party administrators (TPA): small businesses. My dad taught us that small snowflakes can make big drifts. We thought if we could price our service offerings competitively for the smaller employer, in time we would succeed. And boy, were we right.

Research into the Internal Revenue Code (IRC) uncovered Section 105, which allows self-employed individuals who can legitimately hire a spouse to deduct 100 percent of their family’s medical expenses. This paved the way to the release of AgriPlan and BizPlan, and put TASC on the TPA map. Every 10 years, collectively, TASC’s Clients save more than a billion dollars in taxes! Not bad for a little three person shop in Wisconsin. Now, we serve customers of every size and shape.

The past 40 years have seen a lot of changes. Additional service offerings, innovative features, a corporate headquarters, acquisitions, and expansion into every part of the country are just a few of the notable changes. And while TASC continues to grow and change, our mission and values never will. We will keep on growing because we offer valued employee benefits and administration services that improve our customers’ bottom line and facilitate peace of mind, and because we excel in delivering innovative services with right-touch experiences.

At TASC we strive to be creative and nimble in our work and our points of view. We encourage a professional, inclusive work environment that supports fun and philanthropy. And we value the contributions, opinions and inputs of employees, customers, and representatives alike.

Throughout 2015 we will be celebrating our 40th anniversary. We hope to share some of that celebration with our customers and representatives throughout the United States. For example, click here to view our TASC Timeline. We are humbled by the trust you have placed with us over the years and look forward to serving you well into the future.

Posted by: danielrashke | December 30, 2014

TASC Client Participates in the Rose Bowl Parade

This is City of Hope's 2014 float in the Rose Parade. Can't wait to see the 2015 version on January 1, 2015.

This is City of Hope’s 2014 float in the Rose Parade. To see the 2015 version tune in on January 1, 2015.

As you continue to enjoy the holidays with friends and family, I am sure many of you will be watching the Tournament of Roses Parade on New Year Day. Enjoying the parade is a great way to relax before the day’s onslaught of college football games.

This year, I have an additional reason to watch the Rose Parade. I’ll be on the lookout for a spectacular float titled, “Made Possible by HOPE.” Created by City of Hope, the float complements this year’s parade theme “Inspiring Stories” and will carry patients (and their families) from this world famous medical facility.

City of Hope is a leading research and treatment center for cancer, diabetes, and other life-threatening diseases. I’m proud to tell you that they are also Clients of TASC’s FlexSystem and COBRAToday Plans, thanks to Bill Kay. A top-producing and long-term TASC Regional Sales Director (RSD), Bill contracted City of Hope (along with many, many more Clients in Southern California).

For the 126th year, the Rose Parade remains the “center piece” of America’s New Year’s Day celebration, and is the most watched event annually. To learn more about The City of Hope’s float, check out their float website at www.cityofhope.org/roseparadefloat.

From me, TASC, and our team of employees and representatives, may your holiday season be filled with peace and joy.

Older Posts »

Categories

Follow

Get every new post delivered to your Inbox.