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The Delp Company

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Company Facts

  • Location: Maumee, Ohio
  • Type of business:  Wealth Management, Risk Management, Employee Benefits
  • Number of employees: 52
  • Founded: 1958
  • Web site: www.Delpcompany.com

Benefit highlights

    “Benefits are critically important in keeping people engaged—especially during hard economic times.”
    Cleves Delp, CEO, The Delp Company

  • 100 percent  employer-paid medical insurance premiums for employees and dependents
  • 401(k) plan with a 3 percent non-matching contribution; average employee deferral of 8 percent
  • Profit sharing plan with a 7 percent discretionary contribution
  • Defined benefit plan
  • 100 percent employer-paid premiums for disability insurance

Percent of employees participating in 401(k) plan: 90%

How they've continued to protect the financial security of employees in this economy:
At a time when many companies are eliminating their defined benefit plans, The Delp Company added one. “It provides a richer benefit because we give the same contribution, but the vesting schedule is shorter and it’s guaranteed,” says Cleves Delp, CEO of The Delp Company.

Other interesting facts:

  • Voluntary turnover rate of just 2 percent
  • Focuses on customizing the benefit package for each employee
  • Strong supporters of consumer-driven healthcare; offers a Health Savings Account in conjunction with a high deductible insurance plan and provides $1,000 for individuals, $2000 for families 

Why Judges Selected The Delp Company

Video Icon Watch a video of comments from 10 Best judge David Wray.

Read the transcript

“I was impressed with the commitment and pride The Delp Company has in their benefit programs. I was especially impressed that they added a cash balance defined benefit plan to their retirement portfolio, demonstrating a real commitment to the future financial security of their employees. They’re also providing employer-paid financial advice to help employees with their financial wellness.  The company is clearly committed to the financial security of their employees.”

– David Wray, 10 Best judge and president, Profit Sharing/401(k) Council of America

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