beneco basic

Prevailing Wage Fringe benefit contributions that saves your company money.
 
With the Beneco Basic Plan, open-shop contractors can reduce their overall labor burden costs by eliminating payroll taxes, general liability premiums and Workers Compensation premiums on Prevailing Wage fringe contributions.

Beneco’s approved Prevailing Wage Plan allows for fringe benefit contributions to be made on behalf of your employees working on Prevailing Wage projects.

Prevailing Wage fringe contributions are exempt from labor burden costs.

• Reduce overall labor burden costs
• Level employee wage disparities between Prevailing Wage work and Non-Prevailing Wage work
• Bid more competitively on Prevailing Wage projects
• Attract and retain skilled tradesman and employees
• The Basic Plan can be utilized for all hourly employees working under prevailing wage laws or it can be utilized on a project by project basis.