Midas

Midas is a well-established automotive maintenance and repair service provider located in Port Washington, NY. They offer comprehensive solutions including oil changes, brake repairs, tire services, and general auto care. Midas caters to individual car owners and fleet operators, emphasizing quality and customer satisfaction. With an estimated 20-50 employees, Midas stands to save approximately $23,800 to $59,500 annually through the EBP, given the tax credit optimization of $1,190 per W-2 employee per year. The Fleet Services Manager is the key decision-maker for benefits decisions. Midas would be motivated to adopt the EBP due to significant recurring monthly savings, which can help in managing rising benefits costs and improving employee retention. Additionally, offering competitive benefits can attract and retain skilled technicians and support staff, crucial for maintaining high service standards.