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.
Find out how DirectAdvisors can help you design and administer a bona fide benefit plan that meets federal and state contract compliance requirements.
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The participants in each of the New York Life Insurance profit sharing and 401(k) plans had a complaint – they found out that the S&P 500 Index Fund offered as a designated investment alternative in their plans was much more expensive than other S&P 500 Index funds in the market, and had been for six years.
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.
With the change in the administration, and President Trump’s statements vowing to rescind most of the federal regulations adopted during the Obama administration, it is natural to wonder if the Department of Labor’s revised fiduciary rules, which are scheduled for implementation beginning April 10, 2017, are still applicable.