Have you heard of fringe trusts and wondered what they were, how they work and if they are a good way to manage fringe benefits? Are fringe trusts even compliant with prevailing wage laws? In short, yes, a fringe trust is a completely legal, and affordable way to...
Most companies offer fringe benefits in some form, from healthcare and vacation time to retirement plans. For prevailing wage construction companies, fringe benefits take on a new meaning because they fall under requirements set up by Davis-Bacon and Related...
With the next CalSavers deadline approaching in June, many California companies are working to become compliant. For some this means defaulting into the system, which may be easy but does require employer-side setup and maintenance. Others are weighing options and...
CalSavers is a mandatory retirement program in the state of California. Passed into law in 2016, the legislation was intended to reduce the looming retirement crisis by helping workers from all industries have access to retirement planning tools. Companies in...
Contractors and subcontractors that do prevailing wage work must follow strict rules that govern how laborers and mechanics are paid on qualifying jobs. These regulations are found in various prevailing wage laws, including Davis-Bacon and Related Acts(DBRA) and the...
Supplemental unemployment benefits (SUB) have received increased attention recently due to the economic uncertainty created by COVID-19. As a tool for providing income after a job loss, SUB plans can be beneficial. They can also provide some tax advantages for...
