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CPWIS LOWERS YOUR JOB COSTS WHILE PROVIDING BONA FIDE EMPLOYEE BENEFITS
If you’ve read our section on "taking the fringe off of payroll", then you know that installing "bona fide" employee benefit plans, as opposed to paying your prevailing wage fringe benefits in cash, fulfills State and Davis-Bacon fringe requirements while lowering your job costs! And of course, you also know that lowering job costs goes straight to the bottom line – making your bids more competitive and your business more profitable.
Strategies for moving prevailing wage fringe money off of payroll
The key to moving prevailing wage fringe money off of our clients’ payroll is putting fringe money into "bona fide" fringe benefits. By designing employee benefits plans which eliminate tax liabilities and workman’s comp costs when paying employee benefits in cash, CPWIS can substantially reduce your operating costs. By creating employee benefits packages your field-employees will value, we help you keep your staff happy.
Cost-saving Employee benefits offerings
CPWIS offers a wide range of health plans tailored to meet the needs of prevailing wage contractors. Our health offerings include traditional direct-to-carrier insurance plans, as well as contractor-specific, HIPAA-compliant ERISA trusts. Regardless of the plan, CPWIS will work with you to install the best health plan for your needs - lowering job costs AND satisfying Davis-Bacon fringe benefits requirements (as well as those of the Little Davis-Bacon's) without sacrificing quality of care.
BONA-FIDE PENSION & RETIREMENT PLANS
CPWIS writes pension and retirement plans which offer security for the future while helping your bottom-line today. But that’s not the only value our plans offer. In addition to great returns, our pension and retirement plans are compliant with both Davis-Bacon requirements and California Prevailing Wage regulations. Our “bona fide” prevailing wage pension plans even enable owners to boost their own elective deferrals. Want to offset a profit sharing distribution by considering prevailing wage fringe dollars as employer contributions and NOT as employee deductions? Our benefit plans enable that as well! However you choose to plan for the future, CPWIS will help you do so by saving money today!
Whether it's through supplemental unemployment benefits or a vacation / holiday package, CPWIS offers a variety of cash plans which enable prevailing wage contractors to get fringe money off of their payroll. Our cash plans differ from retirement plans by enabling employees access to their fringe money in a timely fashion, making it more like cash than their retirement dollars – which is why we call these our 'Money Now' plans. Our most popular 'Money Now' plan is our Supplemental Unemployment Benefits plan (SUB plan), which employees can use during periods of unemployment, regardless of the reason. With our vacation / holiday plans, we can enable employers to offer paid leave options for their employees. Whatever plan you choose, CPWIS will work with you to lower your job costs and help you make more money!
So review our offerings and contact us (or have us contact you!) Our experience with others like yourself tells us you will be glad you did!
