Welcome To Fringe Benefit Experts
We specialize in helping Non-Union Prevailing Wage Contractors Get Fringes Off Payroll which Lowers Your Labor Burden resulting in More Winning Bids and More Profit.
SUB Plan (Supplemental Unemployment Benefit)
A Fringe Benefit Trust that provides cash to field employees during times of unemployment such as missed hours, layoffs, unpaid vacations/holidays, terminations.
Health
Insurance
Group health insurance plans strictly for prevailing wage contractors that includes hour banking, composite rates, Cobra administration.
Retirement
Options
Special pension plans including 401k and profit sharing funded by prevailing wage fringe dollars.
WHY CHOOSE FRINGE BENEFIT EXPERTS
Expertly Navigating the Complicated Nature of Prevailing Wage
The focus of our Prevailing Wage/ Fringe Benefit service is to increase the bottom line profit for open shop contractors who perform prevailing wage work. Whether your work is Federal, State or Local…we can help lower your labor burden to win more bids and improve your profit margin. We do this by leveling the playing field between open shop contractors and your fellow union competitors by getting the prevailing wage fringe dollars off payroll. By removing these dollars, you will stop paying payroll taxes, worker’s compensation premium and potentially general liability premium from your labor costs (based on the amount of fringe dollars coming off payroll). This allows you to lower your bids while still maintaining your current profit margin. Or, if you are a contractor who wins enough jobs already, removing the fringe dollars from payroll will increase your profit. Your choice.
