"This IRS Approved Plan Can Save You $2000 Per Year
Per Employee"


Lower Your Bid

If you're a non-union contractor working on public projects, you're required to provide 100% of the local Prevailing Wage on public projects, but you may choose to pay only the Base Rate in cash.

Deposit the Fringe Benefit Rate in the Davis-Bacon Pension Plan & Trust, and you save the amount you would have paid in payroll taxes, *workers compensation and insurance premiums on those funds

Example of Employer Savings

With Plan
Base Labor Rate:
$25.00
Fringe Rate
  8.00
Total Wage:
   $33.00
Deposit in Davis-Bacon Trust
 - 8.00
Gross Payroll
$ 25.00
Savings:
Fringe Rate
      $ 8.00
FICA/FUTA/SUTA/ * Workers Comp./
State Taxes/General Liability Ins.
     x 34%
Total Savings /Employee
     $ 2.72/hr.

Total Savings
Monthly
Yearly
25 Employees
  $   9,068.00
     $ 108,800.00      
100 Employees
$   36,268.00
 $435,200.00  
500 Employees
$  181,333.00 
$2,176,000.00  

Note: Savings based on 1600 hours worked per year

Savings like these enable you to actually lower your bid while significantly increasing profits. The lower your costs of doing business, the more competitive you can be.

* Workers Compensation is part of payroll in most states

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