Prevailing Wage Plan Case Study: Over $1.3 Million in Annual Savings with Direct Advisors Trust
This case study is based on a well-respected multi-generational merit shop company with a long standing dedicated workforce.
Why Use a Trust for Bona Fide Fringe Benefits?
All fringe benefit plans fall into two categories, “funded” or “unfunded”. The best type is funded, obviously. Otherwise I wouldn’t be writing this post.
Pay for Training With Prevailing Wage Fringes
Virtually any type of job related training, including apprentice training and safety training are considered bona fide benefits and therefore can be used to help meet the fringe benefit obligation of the Davis-Bacon Act or state prevailing wage laws.
Our Latest Whitepaper: Harnessing the Power of Supplemental Unemployment Benefit Plans
Supplemental Unemployment Benefit Plans (SUB) can be extremely beneficial for you and your employees.
Executive Order 13706: Paid Sick Leave for Employees of Federal Contractors
We would like to highlight some questions and answers we have received lately that we believe have broad relevance to our clients and prospects.
Dipping Your Toe in the Water
We continually talk with construction companies about the advantages of shifting prevailing wage fringe benefits out of payroll and into bona fide benefit programs like the DirectAdvisors Trust. Although this often makes tremendous financial sense for construction companies and their employees, the transition can be difficult when employees are accustomed to having that money paid as wages.