Bona-Fide Pension Plans & Retirement
Are you interested in lowering your
job costs on prevailing wage projects? Are you interested in
improved profit margins?
By working together we offer the
prevailing wage contractor a Davis Bacon compliant Bona Fide
pension plan, that is ready to receive your fringe dollars
when performing prevailing wage projects.
We will help your company identify
and better understand the bona fide fringe benefits dollars
within the base wage. When the bona fide fringe benefit
dollars are deposited in our fully compliant bona fide pension
plan, your company will realize savings on the following payroll
These Bona Fide pension plans
will help your employees save and plan for a better future
thanks to you.
These funds can be monitored and
changed with complete 24/7 on line access by each employee.
When you work with us to provide
this valuable benefit, our TPA assumes all fiduciary
responsibility for the funds and all compliance aspects for
these plans. You can put the program in place worry free and
start improving your bid numbers and project awards quickly and
We have plan design experts in-house
who design your employee benefit plan to maximize its potential
for both owners and employees. You provide quality benefits for
your employees, and increase your own ability to save for
retirement at the same time.
Most traditional bona fide
retirement plan providers donít understand how to use prevailing
wage contributions to the advantage of company owners and other
Highly Compensated Employees (HCEs). At New England Fringe
Benefits, we analyze your company and your prevailing wage
contributions to ensure youíre getting the most from your plan.
We can reduce your profit sharing
costs while increasing the amount of profit sharing you can
allocate to yourself and other key employees. Our goal is to
ensure youíre receiving all the benefits youíre entitled to
under the law.