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...
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....
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...
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...
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,...
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...
