American Marconi Wireless News - Payroll4Construction Breaks Down Fringe Benefit Requirements for Prevailing Wage Jobs

Fringe underpayment is one of the most common prevailing wage violations - and one of the most preventable.

Misunderstanding what qualifies as fringe benefits or incorrectly documenting each fringe can lead to back wages, debarment and strained relationships across all tiers of the project.

"What's Included in Fringe Benefits on Prevailing Wage Jobs" addresses these challenges directly, covering what the Davis-Bacon fringe rate includes and how contractors can meet the requirements. Other key topics covered are:

• Which benefit types qualify - health insurance, pension contributions, vacation funds, apprenticeship contributions and life or disability coverage

• The difference between bona fide benefit plans and cash fringe payments, including the tax implications of each

• Why existing company benefits do not automatically satisfy prevailing wage fringe obligations

• How fringe tracking affects certified payroll reporting accuracy

Contractors who want to understand their compliance expectations and produce accurate certified payroll reports will find the article a strong compliance reference.

To learn more about fringe benefit requirements on prevailing wage jobs, read the full article here.

Payroll4Construction, LLC
Payroll4Construction is a payroll solution just for contractors. Payroll4Construction can help manage certified payroll reporting, complete multi-jurisdiction processing, handle union tracking, cut checks, issue direct deposits and so much more. For information, visit payroll4construction.com, call (800) 949-9620 or email [email protected].

Foundation Software, LLC
Foundation Software delivers job cost accounting, expense & pay management, estimating and takeoff, project management, safety management, HR management, mobile field apps and payroll services to help contractors run the business side of construction. For information, call (800) 246-0800, visit www.foundationsoft.com or email [email protected].

Media Contacts
Tracie Kuczkowski | VP of Marketing
[email protected] | (800) 246-0800 x 7933

Samantha Ann Illius | Marketing Relations Coordinator and Influence Specialist
[email protected] | (800) 811-5926 x 4823

SOURCE: Payroll4Construction

View the original press release on ACCESS Newswire

P.Stevenson--AMWN