Plan Design and Consulting
With Fringe Benefit Group, we don’t try to make your business fit our plan – we tailor The Contractors Plan to fit your business. We use our years of experience to ensure you get the most from your plan with our flexible, highly specialized design capabilities.
Retirement Plan Options:
We have plan design experts in-house who design your benefit plan to maximize its potential for both owners and employees. You provide quality benefits for your employees, and increase your own ability to save for retirement at the same time.
Our unparalleled expertise in prevailing wage plans means you have the peace of mind that comes from knowing The Contractors Plan is always working for you. We can easily stop plan contributions when your prevailing wage job ends, then start them up again when the next job begins.
Using Prevailing Wage Contributions to Benefit Owners and Key Employees
Most traditional retirement plan providers don’t understand how to use prevailing wage contributions to the advantage of company owners and other Highly Compensated Employees (HCEs). At Fringe Benefit Group, we analyze your company and your prevailing wage contributions to ensure you’re getting the most from your plan.
We can reduce your profit sharing costs while increasing the amount of profit sharing you can allocate to yourself and other key employees. Our goal is to ensure you’re receiving all the benefits you’re entitled to under the law. Here are some examples of how we make this happen.
Contributions made to satisfy prevailing wage obligations can benefit owners in two ways: