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Get the most up-to-date prevailing wage and fringe benefit information from our expert benefit plan advisors.
4 Factors to Consider When Deciding how to Satisfy Fringe Benefit Requirements
There are a multitude of factors to consider when deciding what type of strategy to implement to satisfy the fringe benefit requirements of the prevailing wage laws. Some factors include: 1. The amount of your work that is subject to prevailing wage law: • The more prevailing wage covered work you perform, the less effect […]READ MORE >
How to Calculate Annualization
As stated in the U.S. Department of Labor Prevailing Wage Resource book, “Annualization is a computational method used to determine the hourly rate of benefit plan contributions that are creditable towards a contractors’ prevailing wage fringe benefit obligation on covered projects.”READ MORE >