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Midwest Group Benefits, Inc. was founded by Loren Kiel in 1984 as Third Century Financial Corporation. The company began with an emphasis on investments and group health insurance. We sold our first fully insured health plan in 1984 and our first self-funded plan (administered by an outside source) in 1987.
In 1985 Group Benefits Consultants, Inc. was established for the administration of flexible benefits plans and retirement plans. Our first flexible benefits plan was sold in 1985 and our first retirement plan was sold in 1986.
In 1991 Midwest Benefits, Inc. was incorporated and this eventually replaced the name Third Century Financial Corporation. Midwest Benefits, Inc. operated as the marketing side of our company while Group Benefits Consultants, Inc. continued to be the administration company for our clients.
In 2003, the two corporations (Midwest Benefits, Inc. and Group Benefits Consultants, Inc.) were combined to form Midwest Group Benefits, Inc. following the transfer of ownership from Loren Kiel to Rock Tuchek, a long-time employee of the company. Loren continues to be an integral part of our company, focusing his time on marketing and customer-relations.
Our combined experience over the years has allowed Midwest Group Benefits, Inc. to be a leader in employee benefits in Northeast Iowa.
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