If you are a federal/ state contractor performing projects (services) subject to The Davis Bacon or The Service Contract Act, there is no better way to save bottom-line dollars than installing a bona-fide fringe benefit plan.

When working on a public works job contractors are required to pay a "fringe" amount for every hour, each employee works. Paying the fringe as cash wages, while legal, is the most expensive method because all wages are subject to the following payroll burden*:

FICA Contributions Workers Compensation Premiums General Liability Premiums Federal Unemployment Taxes State Unemployment Taxes The net result is that for every fringe dollar paid as wages unnecessary payroll taxes are incurred.

How to Win Bids and Stay Compliant in Today’s Competitive Environment!

With more than 120,000 companies registering with the Central Contractor Registration (CCR) in the last 2 years alone, contractors are finding it more challenging than ever to stake their claim in the public sector. Margins are tight, bid lists are getting longer and longer, and every dollar counts.

Contractor's that provide bona fide benefits with the fringe portion of the prevailing wage rate are at a distinct advantage in this competitive bidding environment.

Let us show you the difference you can make in bottom line profits and winning more work by allocating this fringe portion to a bona fide benefit plan:

SUPPLEMENTAL UNEMPLOYMENT BENEFITS (SUB) PLAN

• "Money-Now" Prevailing Wage benefit
• Provides employee's cash during slower periods or between jobs
• Seamless administration and employee reporting

Contract Williams Lloyd today at Toll Free (888) 353-2044 or send us an Email