Move Prevailing Wage Dollars Out of Payroll and Reduce Associated Costs

By constructing a bona fide fringe benefit plan, you’ll increase profits. Submit more competitive bids. Build employee loyalty.

DirectAdvisors maintains a thorough understanding of the laws governing prevailing wage in the construction industry.

Simplify the complicated process of complying with the Davis-Bacon Act or similar laws while saving money and building your business.

From fringe benefit plan design to plan administration to communicating the benefits and requirements to your employees, we’re at your side whenever you need us.

Find out how DirectAdvisors can help you design and administer a bona fide benefit plan that meets federal and state contract compliance requirements. 

Where you see obligation, we see opportunity.

Latest From Our Blog

How to Calculate Annualization

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
Case Study – An Easy Win-Win for Employer and Employees

Case Study – An Easy Win-Win for Employer and Employees

In New York, the prevailing wage and fringe benefit rate must be paid on all public work hours. Contractors may satisfy the fringe benefit portion of the prevailing wage by either paying the prevailing benefit rate as additional cash wages, or by providing bona fide benefits that at least equal the rate.

read more
logo abcinc
logo agcoa
logo cefex
logo cfma
logo nesca