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beneco plus
- Prevailing Wage, Davis-Bacon and Service Contract Act-Approved
- Hourly employees working under Davis-Bacon, service contract or state prevailing wage laws
- Non-Prevailing Wage employees can contribute
- Discretionary company contributions for owners and/or key employees
- Discretionary company match contributions
The Plus Plans offer limitless customized options
The Beneco Plus Plan builds upon the Basic Plan by adding additional customized features.
This allows employees and owners not working under Prevailing Wage laws to contribute money into a qualified fringe benefit plan, while also allowing them to take advantage of reduced personal income taxes, as well as corporate taxes. Best of all, Beneco’s Plan Services takes care of all the administrative duties.
Beneco’s Plan Services :
- Preparation of all required government filings
- Liaison with Department of Labor and State Agencies who may inquire about your bona fide fringe benefit plan
- Quarterly statements mailed to participant’s home - Quarterly contractor reports mailed to contractor
- Statements on demand
- 1-800 call center for employee inquiries
- Understanding certified payroll forms
- Asset allocation models
- Unlimited fund transfers
- Investment monitoring reports
- 404(c) ERISA compliance
- Corporate third-party trustee
- Federally Registered Investment Managers
- Completed Investment Policy Statement with on-going monitoring
- Spanish and English Websites
- Bilingual call center
- Spanish education materials and employee kits
The Beneco Plus Plan includes :
- Complete review of your existing plan
- Control of all data
- Instant access to information
- Proactive plan design to maximize employer and employee tax savings
- Timely statements
- Timely government-required reporting
- Accountability and responsibility
- Employee education and communications
- Employee investment advice
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