Fringe Benefit Group is proud to announce its selection as a Business Partner by the Associated Builders and Contractors!
Chosen for its expertise in administering retirement plans for government contractors, Fringe Benefit Group will offer its prevailing wage program, The Contractors Plan, and related services to ABC member companies at a significant discount.
Contractors who bid on government-funded projects, including the jobs created by the American Recovery and Reinvestment Act, are subject to Davis-Bacon provisions. The Contractors Plan helps these companies realize dramatic savings on their payroll expenses by allocating the entire fringe benefit portion of the prevailing wage to bona fide benefit plans. These savings result in lower bids and increased chances of winning jobs. Find out how much your company could save.
We can also leverage prevailing wage contributions to employee retirement accounts to increase the amount owners and key employees can defer. With over 30 years of experience setting up and administering prevailing wage plans, you can be confident your plans are compliant with state and federal regulations.