ExecSelect - like no other healthcare plan on the market

Attracting Top Talent with an Outstanding Benefits Plan

In challenging times, organizations can overcome setbacks and build resilience, ensuring a strong market presence that aids recovery and future growth. RILCO started as Rock Island Fuels Company in 1927. Steve Wagner purchased the company in 1979 and began operations as Rock Island Lubricants or RILCO. Unexpectedly, Steve passed away in 1995. Just 18 months later in 1997, a devastating fire destroyed the company’s main office building and packaging distribution center. Over the years, the company has worked to rebuild, expand its operations and become an industry leader in lubricant sales and equipment services.

Part of the company’s rebuilding plan involved recruiting, retaining and rewarding top talent. Among other factors, the company focuses on work/life balance and supporting personal development and health and wellness for its employees. RILCO also added ExecSelect to its corporate benefits package.

“We’ve found ExecSelect to be the perfect solution to attract the talent we need to be the leader in our industry,” notes Craig Wagner, owner of RILCO Inc. “Our business is in a very competitive market and recruiting and retaining top talent can be challenging. In addition to salary or compensation, health insurance can be the differentiator in landing the preferred candidates.”

5 Benefits Trends to Watch in 2025, According to the Experts 

Employers consistently rely on benefits as a key strategy for supporting, attracting, and retaining their workforce. The SHRM (Society for Human Resources Management) Employee Benefits Survey provides a detailed overview of what employers offer, with 216 benefits available in 2024. While traditional benefits remain crucial, industry specialists highlight emerging benefits for 2025. Stay informed on these evolving trends. 

• Lifestyle and wellness spending accounts -These employer-sponsored accounts enable employers to offer reimbursements to employees for merchandise and activities that promote physical, financial, and emotional well-being.

• Student loan benefits -  Recent data from the International Foundation of Employee Benefit Plans (IFEBP) found that the percentage of employers offering student loan repayment assistance programs more than tripled from 2019 to 2024, from 4% to 14%. That’s largely a result of employee desire for the benefit, as well as employers trying to woo and retain talent, said Julie Stich, vice president of content at IFEBP.

• Mental health benefits. High rates of employee stress, burnout, anxiety, depression, and other mental health conditions continue to put pressure on organizations to make sure benefits are keeping pace.

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