Open Shop Contractors:Do you want to save money, submit more competitive bids, and win more jobs?

The Contractors Plan

powered by Fringe Bene"t Group is the answer.

If your company works on government contracts – or you’d like it to – let us show you the di!erence allocating the bene"t portion of the prevailing wage to a bona "de bene"t plan can make:

• Save on payroll burden and expenses
• Submit more competitive bids
• O!er retirement, medical, dental, vision and life insurance plans
• Maximize contributions to owner and key employee retirement accounts
• Provide quality bene"ts for employees
• Stabilize health bene"ts between jobs or during layo!s
• Enjoy seamless administration of your bene"ts programs

Use our Total Fringe solution to allocate the entire fringe. Choose from retirement plans, major medical, limited medical, dental, vision and life insurance to boost your savings. No matter how many or what type of bene"ts you o!er, we handle the administration for you, seamlessly.

Why Choose The Contractors Plan?

Experience

We pioneered the o!ering of prevailing wage bene"t plans, and we specialize in working with government contractors. Your plan will be set up and implemented correctly, with little time required of you and your administrative sta!.

Flexibility

We understand high employee turnover, seasonality of work, and other challenges faced by government contractors. We can easily discontinue contributions when one prevailing wage job ends and resume them when the next job starts. Our unique hour banking program enables workers to “bank” hours to extend health coverage during slow periods or layo!s.

Expertise

Participation in company 401(k) plans is often limited for company owners and key employees due to IRS regulations. With our expertise in prevailing wage plan design, we can use prevailing wage contributions to employee retirement accounts to increase the amount owners and HCEs can defer into their own accounts. Most companies are not knowledgeable about these options.

How Can The Contractors Plan Save You Money?

When the fringe portion of the prevailing wage is used to provide bene!ts for hourly workers, this amount is not subject to payroll costs such as FICA, FUTA, SUTA, and workers’ compensation insurance.

A conservative estimate is that these taxes represent an additional 25 cents on each dollar paid as cash wages.

Quality Benefits

The Contractors Plan features funds from well-known companies such as:

• Manning & Napier
• Dreyfus
• PIMCO
• American Funds
• Vanguard
• Harbor International

We also work with quality partners like:

• Transamerica
• Nationwide
• UnitedHealthcare
• Aetna
• Paci!Care
• Insurers Administrative Corporation
• GroupLink, Inc.
• Safeguard
• UnitedHealthcare Specialty Bene!ts
• Avesis

So you can o"er bene!ts your employees will use and appreciate.

Ease of Administration

Enjoy comprehensive, single-point services

• Billing
• Administration
• Elgibility
• COBRA

Total Fringe allocates the entire fringe portion of the prevailing wage and maximizes your savings. Choose from our comprehensive menu of bene!ts – no matter how many you choose, you upload one !le and send in one check.

We handle the rest!

Contact us to learn more...

Ready to get started? Contact Us: 1-800-328-1519 | www.fringebenefitgroup.com www.thecontractorsplan.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it