Prevailing Wage Fringe Benefit Savings Calculator
When you work with DirectAdvisors, we will help you find savings opportunities that meet prevailing wage requirements for government contractors while offering valuable retirement, health and welfare fringe benefits to your employees.
Enter your information to see how much your company may be able to save:
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Get the most up-to-date prevailing wage and fringe benefit information from our expert benefit plan advisors.
Competitive Advantage with Prevailing Wage Bona Fide Benefit Plans
I have previously written on a contractor’s potential tax savings when utilizing a bona fide benefit plan to satisfy the requirements of the prevailing wage law. However, there are other ancillary advantages that can provide a competitive advantage for contractors. Savings on Overtime Pay The Davis Bacon Act (DBA), Service Contract Act (SCA) and some […]READ MORE >
How a contractor can save $1,200,000
A contractor can choose between providing the prevailing fringe benefit rate as additional cash wages or as bona fide benefits. The cost of paying the fringe rate as cash wages can be expensive since wages are subject to payroll taxes and payroll-based insurance premiums. In most circumstances, this includes FICA, unemployment taxes, workers compensation premiums, […]READ MORE >