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Access Control Advantage Announces Patent and Software License Agreement with Fringe Benefit Group
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New York, October 20, 2011 – Access Control Advantage (ACA) is pleased to announce that it has signed a patent and software licensing agreement with Fringe Benefit Group, an industry leader in the design, implementation and administration of health and retirement plans for contractors.

ACA’s patented solution eases the burden of retirement loan processing for recordkeepers and plan sponsors while providing a better loan solution for plan participants. Specifically, ACA can lower plan administration costs, reduce participant borrowing, eliminate loan repayment with payroll processing, enable faster loan repayment, keep more assets in the plans and encourage employee participation. ACA provides participants that separate from their employer the ability to pay their loan over the original term which eliminates the risk of a deemed distribution, tax implications and penalties.

“We have been creating value for the defined contribution industry and plan participants since we invented Access Control Advantage. With ACA, we have found that loan balances are on average 25% lower than traditional retirement loans because participants borrow only what they need when they need it.  In addition, 30% of ACA loan repayments are higher than the minimum required,” said Bruce Bent II, president and CEO of ACA.

“This new loan program is an ideal fit for contractors because of their unique needs. They have an hourly workforce, little time to focus on HR and administration issues, and this program gives their employees better access to the fringe benefit being taken out of their paychecks,” said Adam Bonsky, executive vice president of government markets for Fringe Benefit Group. “This is a win-win for employers and employees because it reduces overhead and compliance risks for the company owner, while providing maximum payment flexibility for the employee.”

Fringe Benefit Group has partnered with ACA to bring this innovative new service for employers utilizing The Contractors Plan to process participant loans. The Contractors Plan is Fringe Benefit Group’s bona fide benefit plan designed for open shop contractors bidding and working on Davis-Bacon and Service Contract Act jobs.


Access Control Advantage, Inc. is an affiliate of Double Rock Corporation ( Double Rock is a financial technologies company providing the industry’s most innovative cash management and cash-related solutions to the broker-dealer, banking, qualified plan and retail direct space. Through its subsidiary Island Intellectual Property LLC, Double Rock Corporation has more than ten years’ experience in successful patent licensing and patent enforcement. Island IP holds and manages patents and other intellectual property and currently has more than twenty patents and other patents pending.

Austin, Texas-based Fringe Benefit Group and its affiliate companies have helped employers design and administer fringe benefit programs since 1983. Through its nationwide network of independent brokers and agents, Fringe Benefit Group has established itself as the leader in government contractor health and welfare and retirement plans. Drawing on its expertise in the prevailing wage segment, the company has also emerged as a leader in group benefit plans designed specifically for hourly and part-time workers (limited benefit programs). For more information, log on to or

For more information, or to begin the easy process of licensing ACA, please contact:
Bruce Bent II, President and Chief Executive Officer

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