What It Is:

• Merit-based (non-union) contractors have options for reporting on public works projects, including alternatives for fringe benefits by setting up VEBAs and Employee Benefit Trusts.  
• We can assist with analyzing the benefit for the client, setting up the trust and putting procedures in place to administer the program.

How It Benefits the Client:  

• Public works contractors often find themselves obligated for substantial payroll taxes when they “bonus” employees with prevailing wage fringe dollars. Contractors can enjoy a competitive advantage because they are able to lower job costs by removing fringe dollars from payroll and into fringe benefits that are well received by employees.  
• It is fairly easy to demonstrate that prevailing wage contractors in most states are unnecessarily spending thousands of dollars when they put the fringe portion of the prevailing wage on the paycheck, rather than into meaningful employee benefits.