Prevailing Wage Pension Plans Offer Unique Advantages

Making your business more successful is about more than just improving today’s bottom-line. It’s also about laying a foundation for the future – for you and for your employees. Most 401k’s are not successful because employees don’t want to defer their own earnings, thus making the plan Top Heavy and potentially costing you more money. Prevailing Wage contractors have a unique advantage because they have the ability to direct fringe money on their employee’s behalf. This allows the employer to contribute to the employee’s retirement while realizing their own retirement goals. Let CPWIS show you how to properly set up your prevailing wage retirement or pension plan to take maximum advantage of fringe dollar contributions!
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Save For Your Future

Use your mandatory prevailing wage fringe contributions to enable you to save for yourself!
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Save For Your Employee's Future

Provide your employees with a 'bona fide' retirement or pension plan that's there when you need it!
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Everyone Wins

Put fringe dollar contributions to work for you and your employees alike!

What Our Clients Say About Us

"Choosing CPW for our prevailing wage fringe benefit plans was the best decision we could have made."
-Bernadette Reyes, Wirtz Quality

Let us Show You How we Can Help

Anyone can sell you a 401K, retirement or pension plan, but only our pension specialists can help you build a prevailing wage benefit strategy. Let us show you how we can help your business!

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Prevailing Wage Pension Plans Are Different

As you know, fringe money is calculated on an hourly basis. With a prevailing wage pension plan, employers can make pension contributions to their employees based upon hours worked, as opposed to a percentage of compensation (as is the case in other pension vehicles). By using part of the employees’ mandatory fringe benefit money for your pension contribution, we help you contribute for yourself while giving the employees a retirement plan of value. We can even design a retirement / pension plan option that can be “layered” with other plans, insuring that you have a plan that best meets your needs.
401(k) Plans
We can design a 401(k) plan that allows all of your eligible employees to participate. Companies we work with include:
  • AEG
  • CPT
  • Etc
Profit-Sharing Plans
Our profit-sharing plans enable prevailing wage contractors to make profit-sharing distributions to eligible employees INSTEAD OF PAYING THE IRS.
  • Useful - especially during highly profitable years
  • Discretionary - only make profit-sharing distributions when it's to your company's advantage
  • Flexible - structure your plan to make higher distributions for owners
Safe-Harbor Provisions
If you want to assure that your highly compensated employees (defined by the IRS) can contribute the maximum amount to their 401(k) plan, we can put a safe harbor provision in place.
  • Meets Safe Harbor Provisions
  • Prevents Double-Bonusing Prevailing Wage Employees
Money Purchase Plans
If you only want a pension plan for your prevailing wage employees, then CPWIS can install a money purchase plan specifically for them.
  • Works alongside existing 401(k) plans
  • Capable of receiving prevailing wage fringe contributions

We're Here to Help!

Save money today by using your fringe dollars more wisely. Our consultants can help you develop and implement a successful prevailing wage fringe benefit strategy. Contact us and let us show you how!

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Help Your Bottom-Line By Saving For The Future

Getting closer to retirement age and need to contribute more than a Defined Contribution Plan will allow? For Prevailing Wage Contractors who want to do more for themselves in the future, we can tailor a defined-benefit retirement plan that satisfies income goals AND meets Davis-Bacon and California Prevailing Wage regulations! Whether used alone, or paired with a defined-contribution retirement plan, a defined benefit plan enables better income planning for the future, while also offering specific tax advantages to certain qualified employers. By taking the fringe off of payroll, you'll see that lowering your job costs AND planning for the future is easier than you think. We'll show you how!
  • Rapid Asset Accumulation - Funnel as much as 85% of deposit dollars to your account.
  • Guaranteed Return - Enable more accurate income planning for the future.
  • Flexible Design - Configure the plan to meet your business needs.

We've Got Your Back

Planning for the future starts today. We want to help you develop and implement a successful prevailing wage fringe benefit strategy. Contact us and let us show you how!

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Your Service Provider Committed To Your Benefits

Helping you to choose the best pension and retirement option for your business is just the beginning of how our employee benefit specialists can help you! We also help our clients implement the retirement plans they choose so that they can get the most benefit for their money. Why? Because a great customer experience is what we're all about! Or, we're just people, people.

Accounting Integration

We will help integrate your Supplemental Unemployment Benefits into existing accounting systems, so that you get the proper credit.

Payroll Support

We'll work with your internal or outsourced payroll to insure your payroll is set-up and crediting correctly.

Compliance Oversight

We can review your certified payroll reports to make sure that your Vacation/Holiday plans are being accurately reported, and ensure that there are no compliance issues.

We're Here For You

Grow today by saving for tomorrow. Our job is to help businesses like yours develop and implement a successful prevailing wage fringe benefit strategy. Contact us and let us show you how!

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Related Offerings

Pension & Retirement plans are only the beginning of how our specialists help Prevailing Wage and SCA Contractors save money and be more competitive. We offer health insurance benefit options, supplemental unemployment benefit plans & vacation / holiday plans - all designed to get your fringe money off payroll. And, of course, we also offer our consulting services that help contractors stay in compliance and keep out of trouble. Let us show you how an employee benefits strategy can help you achieve your business goals!

Benefit Offerings You Should Know About

Related Prevailing Wage Consulting Services

We Want to Help Your Business Grow

Saving for tomorrow can help your business today! Let us show you how. You'll be glad you did!

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