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Get the most up-to-date prevailing wage and fringe benefit information from our expert benefit plan advisors.
3 Primary Reasons to Utilize a Trust Fund for Prevailing Wage Funded Benefit Plans
Construction companies as well as other government contractors that are subject to prevailing wage laws (Davis-Bacon Act, Service Contract Act, State Prevailing Wage laws) can satisfy the fringe benefit requirements by making irrevocable contributions to specialized benefit funds on behalf of covered workers.READ MORE >
Prevailing Wage Expansion in New York
The New York State legislature is poised to pass a comprehensive revision of the prevailing wage law, extending prevailing wage requirements to a far wider scope of work than ever before. An interesting article covering this can be found in the Albany Times Union here.READ MORE >