Maximizing Your Prevailing Wage Fringe Benefits (from Lockton Companies)

I generally don’t post advertising or marketing materials on The Benefit Blog. However, I think this Lockton release describing the benefits of working with a qualified broker to maximize wage fringe benefits is a great informative guideline. If your broker isn’t doing these things for you, you may be missing out on cost savings.

  • Cut Job Costs: Savings on payroll burden and expenses are immediate—see them on your next payroll.
  • Submit More Competitive Bids: The money you save can be the difference in winning a bid.
  • Provide Quality Benefits for Employees: Offer retirement, medical, dental, vision, disability and life insurance plans.
  • Simplify Recordkeeping and Administration: Benefits are tracked per hour, and the possibility of overpaying premium is greatly reduced.
  • Extend Medical Coverage During Slow Times and Layoffs: By tracking hourly benefits, you pay only for hours worked.
  • Stay In Compliance With DOL, IRS, and State Regulations: We have years of experience working with state and federal agencies.
  • Respond Quickly and Accurately In the Event of An Audit: We partner with you to prepare your responses to inquiries and audits.

Read the full release here: Maximizing Your Prevailing Wage Fringe Benefits

About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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