Is your SUB plan still compliant?
Supplemental Unemployment Benefit plans used to be exempt from annualization, but not anymore. A DOL ruling stated that these plans must be annualized, changing how much credit companies can take for their fringe contributions. As a result, many plans may no longer be compliant with federal law.
This affects all companies that work on government funded projects and use SUB plans to pay fringe.
There’s a better way to handle fringe benefits
Our fringe trusts are the most innovative fringe solution on the market today. Unlike SUB plans, our trust: