FBMC Spins-off Tax Favored Accounts and Benefits Continuation Biz

December 6, 2010 (PLANSPONSOR.com) -  Fringe Benefits Management Company has announced the sale of its tax favored and benefits continuation administrative services division to WageWorks. 

The tax favored and benefits continuation administrative services will now operate as Fringe Benefits Management Company, a division of WageWorks, providing services to large public sector clients.  Fringe Benefits Management Company’s core business has rebranded and positioned itself as FBMC Benefits Management, Inc. (FBMC).  

The company will remain in the benefits arena. “returning to its roots”, according to the announcement, “by focusing on the core competencies of providing full benefits brokerage and administration, benefits education, enrollment management, and customized communication services”.  

FBMC Benefits Management (FBMC) is headquarted in Tallahassee, Florida with on-site client, field offices throughout the United States. More information about FBMC is available at http://www.FBMC.com.