CREW - EMPLOYEE BENEFITS FOR THE RAIL INDUSTRY

The rail industry is not alone in its efforts to reduce and control the cost of employee medical benefits, now considered the second largest single employer expense for most American businesses.

Both large and small businesses are feeling the pinch. This problem is even more critical for smaller businesses that have to pay more for coverage when competing with larger entities in order to attract and keep their employees. The delivery of benefits is no different. The less you buy, the higher the cost per unit.

Small businesses in general have fewer benefit options are available to them and each option includes higher cost factors when compared to the options available to larger employers. Fewer options and less flexibility is an even greater problem for smaller interstate railroads in need of occupational benefits for their employees. The Custom Rail Employer Welfare Trust Fund (“CREW”) was established to meet the unique requirements of the rail industry.

We are pleased to offer you an opportunity to participate in a new employee healthcare benefit plan designed exclusively for the members of the Small Railroad Business Owners Association of America (SRBOA) members, their employees and dependents.

CREW qualifies as a fully insured employee benefit plan under federal ERISA standards.

SRBOA has taken the lead by providing one national healthcare benefit plan to meet the unique needs of the rail industry. SRBOA member purchasing power has been combined under CREW to create a lower cost benefit delivery system.