A Davis Bacon/Prevailing Wage Fringe Benefit Provider

Menu

road construction workers

Employer Benefits

Win More Bids, Reduce Administration, Retain Your Workforce

Davis Bacon Final Rule

The Davis Bacon Final Rule implements a new requirement that contractors obtain DOL review and approval of existing fringe benefits meeting the DOL’s longstanding criteria, within 18 months after the published rule.

When given a choice, 75% of employees choose the SUB plan over any other fringe benefit option.

ADDITIONAL BENEFITS OF THE PLAN

The Final Rule requires contractors to seek approval of unfunded plans (including vacation and holiday plans) before claiming credit for the anticipated costs of the plan toward prevailing wage obligations.

The DOL’s final rule reorganized and modified instructions for the proper crediting of contributions to apprenticeship programs and changes the ratio and wage requirements for reciprocally approved programs in different jurisdictions. The new plan will allow for fringe contributions to be used for training and apprentice programs.

To better accommodate my client’s needs and ease the burden of compliance under the new rules, I have significantly expanded my fringe offerings to include fringe contributions for PTO, sick and holiday pay, safety and apprentice training, medical, dental, vision, short- and long-term disability, retirement, and cash balance plans. All fringes are in one trust which means for those responsible for large plan audits, only one welfare benefit plan audit is needed. The plan is very versatile and can be customized according to your needs.

Success Stories

The Contractor’s Group has been absolutely wonderful to work with for our Sub Plan. Gale is great. She is always ready to help with any questions or issues that arise. The plan takes so little of our time to administrate. It is such a blessing that our employees can request and receive funds on their own initiative during slow or down times.

We would highly recommend Gale and Contractor Benefits Group to any company seeking a firm to implement a Sub Plan for them.

Ben Hartzler
Owner,
Midstate Roofing and Coating