Fringe Benefits Trust
Custom Davis-Bacon Prevailing Wage Services
The fringe benefits you provide to employees are personal. Your experience creating that plan should be too.
DirectAdvisors works with you to make sure the fringe benefit plan you design not only complies with the Davis-Bacon Act and relevant federal and state laws, but also benefits your company and your employees.
We start by evaluating your company’s situation, including demographics, existing benefit offerings and volume of public work, to determine what type of prevailing wage plan is appropriate. (You can get a sense of how this might help you by checking out our savings calculator.)
Administration and Support
We design your benefit plan—and then we make it easy for you by administering it. We take on:
- Processing insured and cash benefits (see the list)
- Fringe benefit banking to help employees pay insurance premiums during seasonal layoffs
- Integrating health and welfare benefits with the retirement plan
- Regular, scheduled group and one-on-one meetings with your employees
- Providing accurate, timely statements by mail or online
- Secure online access to account information for you and your employees
- Answering the phone when you call!
DirectAdvisors prides itself on straightforward, honest pricing, so you pay:
- A one-time set-up fee
- A straight percent of any amount you contribute to DirectAdvisors Trust
You never pay:
- Transaction charges
- Tax-form preparation charges
- Enrollment meeting charges
- Processing fees
Audits and Investigations
If your construction company becomes the subject of a regulatory agency’s inquiry, audit or investigation, we have your back—at no extra cost.
We have assisted many clients in these situations and have successfully expedited resolution. You can count on us to handle much of the administrative burden, including:
- Providing plan documents and records
- Supplying data
- Verifying calculations
- Answering questions
Prevailing Wage Resources
Find useful, expert information to help you navigate prevailing wage laws and bona fide benefits.
Calculate Your Potential Savings
This tool lets you see how fringe benefits might help your company save.
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