EFTA01180143.pdf

Island Grounds Inc. Scenarios for transferring IG to LSJ employees Scenario 1 Scenario 2 Scenario 3 Scenario 4 Projected health Projected Insurance 2012 Cost Projected Projected cost at 100 % with payroll cost with 5 % cost with employer Name Position taxes raise 10% raise contributions Basillia Morales-Mercado (Dulce) Housekeeper 30,100 31,605 33,110 9,400 Maria Rosario (Koiry) Housekeeper 28,600 30,030 31,460 6,900 Reyna Amparo (Sandra) Housekeeper 28,600 30.030 31,460 7,800 Peter St. Omer Head Groundmen 54,600 57,330 60,060 7,300 Dupson Donissaint (Baseais) Landscape supervisor - 35,800 37,590 39,380 4,900 Gusneme Dalce Landscape supervisor 35,800 37,590 39,380 7300 Anthony Jules (Tony) Landscaper 31,100 32,655 34,210 Pierressaint Onel 9,800 Landscaper 29.800 31,290 32,780 7.300 Ednor Moraine Landscaper 26,300 27,615 28,930 4,900 Rend Mede Landscaper 29,800 3'1196 32,780 Allangle Clifton (Clement) 5,900 Carpenter 59,700 62,685 65,670 Gerry Franicis Titre 4,000 Painter 35.800 37,590 39,380 7,300 Sharimo Wheatley Mechanic 59,700 62,685. 65,670 3,900 Cuthbert Titre (Smiley) RO Consols & Pool Mtc 32,200 33,810 35,420 Sheridon Emanuel Elizee 5,900 Engineering 31.000 32,550 34,100 3,200 TOTAL ISLAND GROUNDS INC. (15 employees) 548.900 576,345 603,790 95,800 Less: Cost of Red Hook Family Practice (based on 2011) (7,500) ADDITIONAL JEE COST 27,445 54,890 88,300 Notes 1) additional landscaper is pending release taking count down to 14 2) Projected costs above include 8% for payroll taxes therefore actual salaries are lower Released when done with road piojects Pierre Jules (Jules) Construction 60.300 63,315 66.330 16,900 Release date pending completion of current projects Henan Bedminister Painter 35,800 37.590 39.380 3,900 Guy Vicars Helper 26,300 27,615 28,930 3,200 Benford Lewis Carpenter 50,100 52.605 55.110 Karl Henry 3.900 Carpenter 31,000 32,550 34,100 Brian Bates 3,900 Mechanic 53,700 56.385 59.070 9.800 196.900 206,745 216.590 24,700 TOTAL EMPLOYEES TO BE RELEASED (6 employees) 257,200 270,060 282.920 41,600 ADDITIONAL JEE COST • SCHEDULED TO BE RELEASED 9,845 19,690 41,600 Health insurance notes 1) Plan requires a 75% employee participations or it is disqualified as a plan. Thus on a employer contribution of less Man 100% at least 75% of employees must opt to pay the additional premium 2) Plan requires a minumum employer contribution of 50% . . . 3) If we move everyone to LSJ Employees payroll and then drop health insurance.we will need to make provisions . . for the following (4) individuals a) Carlos - Jeanne believes that he can go on his wiles plan however there maybe an additional cost to do so b) Danny - This may be an issue as he was motivated to move to LSJ by insurance benefits - move him io TTR ( entity) or FTC?? c) Bosco - another issue - FTC 1 TTR ? d) Lester - Unsuie o/ his future so may not be an issue . EFTA01180143