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Fringe Benefit Compliance and the Department of Labor

by Adam Garrett | Feb 19, 2020 | Department of Labor, Fringe Benefits

The U.S. Department of Labor broke records on many fronts in 2019, notably recovering over $320 million in employee back wages and hosting 3,700 compliance education outreach events (more than any year in its history).  In January they announced they will be hiring 45...

Funded vs. unfunded or self-funded fringe benefit plans

by Adam Garrett | Jan 27, 2020 | ERISA, Fringe Benefits

Funded or “Bona-Fide” Fringe Benefit Plans With funded or “bona-fide” plans the sponsor/employer makes consistent, irrevocable payments into a third party trust. Funds cover premium expenses with third party insurance and benefit providers....

A brief introduction to prevailing wage and fringe benefits for government contractors

by Adam Garrett | Dec 2, 2019 | Education, Fringe Benefits, Government Contractors, Prevailing Wage

  PREVAILING WAGE & FRINGE DOLLARS The “prevailing wage” is a term used by the DOL/WHD to describe mandatory pay rates which government contractors must pay their workforce for all covered contracts. The “prevailing wage” is actually one value...

Benefits of Having a Third Party Administrator

by Adam Garrett | May 31, 2019 | Fringe Benefits, Third Party Administrator

Why Hire a Third Party Administrator? As a government contractor, hiring a TPA for fringe benefits compliance should be one of your critical consideration. Although you may be tempted to manage your hourly workers’ benefit plans by yourself, fringe benefits compliance...

5 Things You Need to Know About Critical Illness Insurance

by Adam Garrett | Apr 1, 2019 | Critical Illness, Employee Benefits, Fringe Benefits

Critical Illness Insurance as Fringe Benefits Facing a critical illness is stressful and traumatic enough, without even considering its financial burdens. Although great medical advancements have improved the survival rates of people who suffer from critical illness,...

6 FAQs about Supplemental Unemployment Benefit Plans

by Adam Garrett | Oct 2, 2018 | Fringe Benefits, SUB Plan, Supplemental Unemployment

When employees are laid off involuntarily due to a reduction in job force, reorganization and other employer circumstances, Supplemental Unemployment Benefits or SUB plans can come into play. Here are some commonly asked questions about SUB plans to guide both...
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Recent Posts

  • Important Announcement!
  • James Jordan’s Guest Appearance on The Smalls Podcast
  • COVID / Corona Virus Guide for Prevailing Wage Contractors
  • Fringe Benefit Compliance and the Department of Labor
  • Contractors Guide to Government Institutions and Acronyms

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