There are many advantages to shifting prevailing wage fringe benefits out of payroll and into bona fide benefit programs like the Government Contractors Benefit Trust. Sometimes the transition can be difficult, especially for employees.
We will be hosting our final webinar presentation of our latest whitepaper – “Working the Fringe – Prevailing Wage Bona Fide Fringe Benefit Strategies for Open Shop Contractors” - Thursday, March 10th @ 2pm EST.
If you are an open shop contractor working on prevailing wage projects for the federal, state or municipal government and you pay fringe dollars in payroll, you may be missing a great opportunity to leverage those fringe dollars to offset the effects of the ACA.
Many open shop contractors throughout the U.S. fund supplemental unemployment benefit (SUB) plans to satisfy the fringe benefit obligation of the Davis-Bacon Act. In October 2015 the USDOL gave notice of its intent to rescind the SUB Plans’ annualization exceptions.
We will be hosting a webinar presentation of our latest whitepaper – "Working the Fringe – Prevailing Wage Bona Fide Fringe Benefit Strategies for Open Shop Contractors". We will covering proven strategies on how to leverage the fringe benefit portion of the prevailing wage law to bid
As the leaves turn to fall colors it will soon be time for contractors to start planning for 2016. To help merit shop contractors make sense of prevailing wage bona fide fringe benefit plans we have written “Working the Fringe”.
We have updated our whitepaper, "The Effects of Obamacare on Open Shop Construction Companies: Strategies for Compliance Leading to More Competitive Bidding," to reflect recent changes to the Affordable Care Act.
Earlier in June, we presented a 40- minute webinar based on our white paper, "The Effects of Obamacare on Open Shop Construction Companies: Strategies for Compliance Leading to More Competitive Bidding." The webinar was recorded and is now available on our website!
I would like to let you know how happy I am with Direct Retirement Solutions and GCBT. When we first were adopting our prevailing wage plan, I was so nervous about how hard the paperwork process would be. Everything has been broken down and simplified so nicely. Most generally everything has been put in layman’s terms making it easy to understand. I really appreciate all of Kitty’s hard work and quick turnaround with emails and phone calls. She really takes the time to explain information to me that I have questions about.
Vanessa Herbst, Diekow Electric, Inc.
As a very large and diversified construction company with over 3,000 employees, we choose our business partners very carefully. Direct Retirement Solutions has an articulate and intelligent team that is willing to work closely with our employees to make sure they are gaining the most from the program. The principals of the firm are proactive and creative in finding ways to help us save money and bid more competitively. Most importantly, the entire team from top to bottom truly cares about doing a great job."
Rick Emerick, VP Human Resources New Enterprise Stone & Lime Co., Inc.
As far as vendor relationships go, the one I’ve had with Direct Retirement Solutions has been one of the best. The team runs a real standup organization that I would highly recommend in a heartbeat. Jeff and Tom are great guys, and it has been a real pleasure working with everyone there."
Gregory Christofes, Former Payroll Manager New Enterprise Stone & Lime Co., Inc.
The Direct Retirement Solutions team makes it easy. Our employees fully understand their benefits because Direct Retirement Solutions actually talks to our people – anytime, anywhere. We are very satisfied and recommend them without hesitation."
Tony Gorman, Vice President The Gorman Group, Albany NY