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.

Direct Advisors 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 we can help you design and administer a bona fide benefit plan that meets federal and state contract compliance requirements. 

Latest From Our Blog

Suitability Standard vs. Fiduciary Standard

Suitability Standard vs. Fiduciary Standard

This is a topic at the forefront of recent financial headlines that we wanted to address as there is an important difference here between the two, especially as it relates to retirement plans.

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Dipping Your Toe in the Water

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.

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