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Cut Costs. Win More Jobs. Increase Profits.
If your company does Davis-Bacon or Service Contract Act jobs, The Contractors Plan powered by Fringe Benefit Group can help you reduce payroll burden, submit leaner bids and win more jobs.
We're experts in bona fide benefit plans for prevailing wage contributions and whether you choose to use some or all of the available fringe dollars, The Contractors Plan has the flexibility to handle a multitude of funding arrangements and benefit options. And with the government's increased emphasis on compliance, having an experienced partner is vital. Contractors who work on Davis-Bacon Act or Service Contract Act jobs understand that in order to win more bids they need to maximize efficiencies, reduce costs and maintain compliance. The Contractors Plan powered by Fringe Benefit Group has been helping contractors for over 30 years submit leaner bids and win more jobs.
As experts in bona fide benefit plan administration and design, our TOTAL FRINGE solution enables you to maximize savings by allocating the entire fringe benefit portion of the prevailing wage to benefits, creating immediate payroll cost savings that help the bottom line. With Total Fringe, you choose the benefits you want to provide your employees from our comprehensive platform, send in one check, and upload one file with each payroll.
Total Fringe offers a seamless approach that has helped thousands of contractors focus on their core business - getting the job done.
- Have you wondered how your competitors bid so low?
- Is your contract as profitable as it could be?
- Could you benefit from dedicated Department of Labor audit support?
- Are you having difficulty managing labor costs?
- Are you outgrowing your current fringe benefits administration?
- Are you struggling to administer fringe benefits through multiple vendors?
- Are company owner(s) and key employees frustrated by the limitations on their retirement plan contributions?
The Contractors Plan powered by Fringe Benefit Group can help you:
- Save on labor costs and expenses. We'll structure a program that fully discharges your fringe benefit obligation outside of payroll, drastically reducing labor costs.
- Bid more competitively. Creating efficiencies in your fringe benefit program reduces general and administrative costs, allowing you to lower your bid.
- Stay incompliance with DOL, IRS, and state regulations. In a dynamic regulatory environment, staying ahead of legislative and policy changes is vital for success. We have compliance experts both inside and outside The Beltway to ensure you are always educated, informed, and compliant.
- Respond quickly and accurately in the event of an audit. We partner with you to prepare your responses to inquiries and audits . Our sophisticated administrative and accounting platform puts answers at your fingertips. With 30 years of experience administrating fringe benefit plans for government contractors we understand the need to provide quick and accurate reporting for a rapid resolution.
- Eliminate the administrative burden of multiple vendors. Our "Total Fringe" solution provides a single pay point for all your fringe benefit health and welfare offerings.
- Maximize contributions to owner and key employee retirement accounts. Leverage prevailing wage retirement contributions to increase owner and key employee retirement savings.
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