Red Bank may very well continue applying for tier 1 membership. Most newly formed elite teams which are already tier ll are normally denied membership. When they're denied they are not allowed to advertise as tier 1 or AAA which is why most advertise as "elite". The benefits are subjective. One thing is certain, the price to play at that level is the same as tier 1. Take a look at myhockeyrankings for whichever birth year of some of the independent teams you are familiar with. Although they are not tier 1 members MHR still ranks them with tier 1. A lot of the tourney's they enter are not AAA level and their competition is AA or A. A lot of their independent schedule is not AAA level it all depends on your scheduler.