A part of ABCs Business Partner program, The Contractors Plan can reduce hourly prevailing wage payroll costs by 6.5 percent or more, making companies much more competitive on prevailing wage bids.
The Contractors Plan, a bona fide benefit plan developed by Fringe Benefit Group, has helped more than 4,000 merit shop contractors bid more competitively and meet the compliance and reporting requirements of government-funded work. When the fringe portion of the prevailing wage is used to provide benefits for hourly workers, this amount is not subject to payroll costs such as Federal Insurance Contributions Act tax, federal and state unemployment taxes and workers compensation insurance.
For companies that work on government contracts, The Contractors Plan helps them realize immediate savings on payroll burden and expenses, submit more competitive bids, and maximize contributions to owner and key employee retirement accounts.
In addition, for ABC members, there are no setup fees and the first year costs are free. For more information, visit
http://abc.ContractorsPlan.com.