Welcome to ProfitGuarding

Smarter Benefits. Stronger Business.


At Profit Guarding, we implement the Self-Insured Medical Expense Reimbursement Plan (SIMERP).

Proudly partnered with Pegbo™ to connect with more business owners.

Lower Payroll Tax and Workers’ Comp

Most companies are losing thousands every year without realizing it.
We use SIMERP, an IRS-compliant tax savings strategy to help you:

  • Lower payroll taxes
  • Cut workers’ comp premiums and
  • Expand employee benefits
    All at zero net cost to your business.
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Book a quick call to see if your company qualifies for savings

This is a short 10-15 min call to see if your business is eligible for payroll tax and workers' comp savings under our ACA-approved setup. If you qualify, we’ll schedule a second call with our lead specialist to walk you through next steps.

Simple Savings Process

How It Works

  • Implement SIMERP under strict IRS Section 105/125 and related guidelines to ensure full compliance and audit readiness.

  • Seamlessly integrates with your existing payroll system. FICA tax savings begin with the first payroll cycle after implementation through pre-tax deductions.

  • Employees are enrolled shortly after your company signs up, and begin receiving benefits within 30 days, including supplemental insurance and access to a wellness dashboard.

  • Receive savings every pay cycle through reduced payroll taxes, lower workers’ comp premiums, and improved employee retention, all with minimal HR effort.

How SIMERP Saves You Money - in 2 Minutes

Empowering Employers
The SIMERP Advantage
  • Cost Savings: Save up to $639 per employee annually in payroll taxes and reduce workers’ comp costs by 20-30%. Use our calculator below for a personalized estimate.
  • Seamless Integration: Works with every payroll system, ensuring a smooth, white-glove setup with minimal HR involvement.
  • Comprehensive Benefits: Provide life insurance, critical illness, accident and disability coverage, dental, vision, 24/7 telehealth, and preventive care, all at no net cost to the employer or employee.
  • Compliance & Simplicity: Built on IRS-compliant tax codes, keeping your business fully audit-ready.

Success Stories

  • Small Business: “Smith & Sons Electrical”

    14 employees

    Challenge:

    High payroll taxes and rising insurance costs were making it difficult to offer competitive employee benefits.

    Solution with SIMERP:

    • Implemented SIMERP in less than 30 days.
    • Each employee redirected a portion of their wages to a pre-tax wellness plan and received full reimbursement.
    • Access to benefits like telehealth, dental, and vision was added—without impacting net pay.


    Results:

    • $13,185/year in payroll tax savings 20% reduction in workers’ comp premiums.
    • Improved employee morale and retention.
    Read more
  • Mid-Size Business: “Blue Ridge Manufacturing Co.”

    125 employees

    Challenge:

    Unable to afford premium-level employee benefits, leading to high turnover and difficulty recruiting.

    Solution with SIMERP:

    • Rolled out SIMERP company-wide with HR support from the provider.
    • Reduced gross taxable payroll while providing employees with no-cost supplemental coverage (accident, life, critical illness).


    Results:

    • $109,875/year in payroll tax savings.
    • $75,000/year in reduced workers' comp costs.
    • 250% increase in benefits participation
      Turnover dropped by 30% in 6 months.
    Read more
  • Large Enterprise: “National Freight Logistics”

    4000 employees

    Challenge:

    Sky-high workers’ comp premiums and complex benefits administration across multiple states.

    Solution with SIMERP:

    • Integrated SIMERP with their existing payroll and benefits system.
    • Leveraged concierge support to communicate the plan across all terminals.
    • Paired the program with their MEC health plan for full ACA compliance.


    Results:

    • $3.5M/year in payroll tax and workers’ comp savings.
    • Company-wide participation rate of 92%.
    • Dramatic decrease in claims abuse and absenteeism.
    Read more

FAQ

Frequently Asked Questions

  • SIMERP is designed for businesses with 5 or more full-time W2 employees. Only full-time W2 employees qualify for benefits and help your business save money.

  • No, SIMERP is designed to complement, not replace, your existing benefits. We identify gaps in your current offerings and fill them with additional coverage. For example, if you already provide life insurance but not critical illness or accident coverage, we’ll add those benefits. We ensure there's no overlap or disruption, and everything is structured to be at no net cost to your business.

  • Within 30 days after the enrollment is complete.

  • Yes. SIMERP is fully compliant. It adheres to IRS, HIPAA, ERISA, and ACA guidelines. Specifically, CPAs and law firms have verified that SIMERP complies with IRC §105, §106, §125, §213(d), IRS Memo 20070301, and Notice 2013-54.

Estimate Your Annual Savings

Savings are based on an average of $639 per full-time W-2 employee in payroll tax savings, plus 20-30% savings on workers’ comp premiums (varies by industry).