Placing fringe benefit dollars as a prevailing wage contractor is of utmost importance. This is not only important to the employer and the potential savings on the payroll tax/insurance burden, but also to the employee. We see it to many times, a person works their whole life in hopes that someday they can retire and when it gets to that point, the nest egg is not enough or the employee has to pick up another job to support their retirement.
Is that what retirement is all about? Why does this have to be the case when these prevailing wage project have the funds available to help hard working employees pursue their retirement goal? That is where we come in. M Group is a hands on firm that works in every stage of the process, from the first sit down meeting to, employee meetings on the jobsite to plan reviews as the plan ages.
Is that what retirement is all about? Why does this have to be the case when these prevailing wage project have the funds available to help hard working employees pursue their retirement goal? That is where we come in. M Group is a hands on firm that works in every stage of the process, from the first sit down meeting to, employee meetings on the jobsite to plan reviews as the plan ages.
Services
Benefits offer unique challenges to contractors working prevailing wage projects, making experienced advising a necessity. M Group understands the unique challenges that prevailing wage contractors face when creating and managing a bona fide employee benefits plan. Our company specializes in working with prevailing wage contractors and are accustomed to handling unique situations as we work with our clients.
M group provides prevailing wage contractors several ways to significantly decrease overhead, allowing clients to bid more competitively by eliminating the hidden costs of Fringe benefits. Contractors reduce payroll burden by offering bona fide benefits through the fringe portion of the prevailing wage rate.
Here at M Group, we work vigorously for our clients, making sure the plan you choose works for both you and your employees. M Group works with a wide variety of vendors and retirement platforms. However, if any of our current vendor plans do not fit your business needs, especially as your company grows and changes, we go straight to the marketplace and find a tailor-made fit suitable to you - our client - in both design and cost.
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