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While the basic concepts of construction financial management apply to both public and private projects, working on those funded by taxpayer dollars adds a new layer of legal requirements to an already tightly regulated industry. Even professionals with years of experience in the laws that apply to publicly funded projects become frustrated by complex and, at times, seemingly contradictory regulations.
Fringe Benefit Group, a leader in the design, implementation and administration of prevailing wage benefits plans for government contractors, today announced the addition of Ameritas Group dental and vision benefits to The Contractors Plan, which provides retirement, medical and specialty benefits to over 100,000 participants in the U.S. The Ameritas products complement Fringe Benefit Group’s specialty benefits offering, which also includes life, critical illness and disability benefits.
Fringe Benefit Group, an industry leader in the design, implementation and administration of health and retirement plans for government contractors, today announced the availability of MetLife’s group dental and group term life benefits for The Contractors Plan customers. This addition complements Fringe Benefit Group’s specialty benefits offering, which also includes vision and disability benefits.
Fringe Benefit Group, an industry leader in the design, implementation and administration of health and retirement plans for government contractors, today announced that Nathaniel Peniston has joined the company as vice president of specialty benefits.
Fringe Benefit Group, an industry leader in the design, implementation and administration of health and retirement plans for contractors, today announced it has added a small group major medical product to the portfolio of options available to The Contractors Plan customers. The Contractors Plan is Fringe Benefit Group’s prevailing wage benefit program, which helps merit shop contractors reduce labor costs, win more bids and stay compliant while providing valuable retirement and medical benefits.
UnitedHealth Strength Continues into 2012
Contractors who work on publicly-funded projects must deal with many regulations, especially involving how they compensate employees. Some states even have their own regulations. Understanding which laws apply to which projects—and where to seek advice—is enough to frustrate the most savvy construction business owner.
As an employer, it can be frustrating to see workers put themselves and their futures in jeopardy by failing to save for retirement. And because the percentage of pay owners and key employees can defer to the company’s 401(k) plan is tied to the amount hourly workers put away, it affects everyone’s ability to save for retirement.
Many military communities are drastically changing to reduce Department of Defense ( DOD ) expenditures through the Base Realignment and Closure ( BRAC ) process. While some communities have been torn apart by base closures and the realignment of facilities, others have flourished by the massive reshuffling to compensate for the influx of personnel and equipment. This process, which began in 1988, has been particularly beneficial to contractors.
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