Fringe PAckage Analysis

Let us conduct a Fringe Analysis that will give contractors the peace of mind that they are providing compliant bona-fide Prevailing Wage Benefits, accurate fringe allocation, & maximized cost savings. In conjunction with your broker or adviser, our holistic approach provides a successful coordinated benefit partnership.

Prevailing wage Resource

Contractors are faced with the complexities of complying with these regulations without much assistance. Prevailing Wage Partners is the contractors resource for their day to day questions about Prevailing Wage, Davis-Bacon and Service Contract Act compliance. We offer assistance from training on the various requirements contractors will face, to scope of work or other general prevailing wage questions.

Supplemental Unemployment Benefits

Employees often face periodic lay offs due to lag between projects, inclement weather, shortage of hours or seasonal stoppages. This not only causes a financial burden on the employees, but it forces employees to either find other work (which may be with your competition) or go on unemployment, which provides only a fraction of their normal income.

A Supplemental Unemployment Benefit (“SUB”) plan can assist your company in retaining quality employees by providing them with income when they need it most; during those periods of unemployment or while experiencing a shortage of hours…all while saving the contractor money by reducing their workers comp and payroll burdens!

HEALTH & WELFARE BENEFITS

Offering Health insurance allows families to stay healthier and employees to feel protected in case of a medical emergency. Retaining good employees by allocating fringe dollars to offer health insurance, creates a culture in which employees feel they are well taken care of, while lowering employer payroll taxes and workers comp costs.

RETIREMENT BENEFITS

Many employees choose not to invest in their retirement in favor of paying their bills now. But as a Prevailing Wage Contractor, you can help! Fringe money can be allocated directly to a retirement plan for the employees, saving you money on payroll taxes and workers comp costs, and setting your employees up for long-term success.

Single Fringe Benefit Remittance

• Consolidated fringe benefit remittance

• Premium remittance for both hourly and salary employees

• Billing reconciliation & consolidation

• Fringe Benefit Statement Creation

• Creation of project specific Fringe Benefit Statements for all employees enrolled

On-line Enrollment & Eligibility Administration – Groups over 100 employees

• Comprehensive Employee Benefit Website branded specifically for the employer

• Employee access to benefit summaries, SPDs, forms, provider links, required legal notices, and enrollment information

• Employer access to administrative portal for employee administration and reporting features

• Weekly electronic eligibility file feeds to all carriers

• Electronic data interface between providers and payroll systems

• Qualifying event administration and management

Hour Bank Administration

• Tracks all hours worked, and the associated hourly cost for each employee

• System allows for flexible benefit design and cafeteria approach, allowing employees to waive certain benefits in favor of others

• Provides account balance reporting for banking hours

• Provides meaningful management reports by contract job site, division, profit center, etc.

• Provides complete audit trail for DOL Wage & Hour compliance

COBRA Administration (Optional Service)

• Mailing of initial COBRA notices

• Mailing of COBRA notice to qualified beneficiaries

• COBRA election tracking

• COBRA premium tracking and administration