Parallax Capital Partners, LLC
Company		Parallax is a Southern CA based private investment company focused on acquiring and operating companies across a range of industries. Parallax invests in companies with revenues of between $5 and $500 million where there are creative opportunities to significantly enhance a company's value. Since its founding, Parallax has invested over $150 million of capital acquiring 12 companies. Today, its portfolio generates over $1 billion of annual revenues.
Our Partners		Lisa Hale, Managing Partner		James Hale, Managing Partner
Situation			Objective
Benemax has been the employee benefits manager for the Parallax portfolio since 1999. In 2006, Parallax wanted to combine 4 of its portfolio companies (located in MA, CA, TX and NJ) into a single health benefit plan. The aim: to leverage the purchasing power of the group to generate savings and to facilitate occasional transfers of personnel between companies.			Significantly reduce Yr 1 cost for all 4 companies Maintain or improve benefits for all EEs Reduce cost increases in subsequent years
Results			Parallax Aggregated Plan Cost History
Benemax designed single PPO plan for all 4 companies Plan pays 100% of covered in-network costs (less copays) Companies absorb up to $1,250/year in claims cost per member Overall, companies saved over $2,200/EE in Yr 1 At renewal, plan cost increased by only 4.2% (1/3 national average)... and the savings per employee (vs a fully- insured equivalent) increased by 8.9% to over $2,400