Reducing Labor Costs, Bid Costs and Employee Benefit Costs on Government Work webinar
Dramatically improve your company’s bottom line
By Tim O’Toole
The Mason Contractors Association of America (MCAA) will present Reducing Labor Costs, Bid Costs and Employee Benefit Costs on Government Work on Wednesday, May 14, 2014, at 10:00 AM CDT.
Many contractors performing government work pay the fringe benefit portion of the prevailing wage as additional cash wages, believing it’s the easiest way to comply with the law. But allocating the fringe amount to a bona fide benefit plan or plans results in significant cost savings, and can dramatically improve a company’s bottom line. Benefits that might be included in a bona fide benefit plan are retirement, medical, dental, vision and life insurance plans.
John G. Allen, CRPS, is the Midwest Regional V.P. for Fringe Benefit Group a firm specializing in Davis-Bacon and prevailing wage benefit programs. Mr. Allen has over 20 years’ experience in the employee benefits industry holds 2 professional designations, Certified Financial Planner (CFP) and Chartered Retirement Plan Specialist (CRPS), from The College For Financial Planning. In his current role, Mr. Allen consults with contractors that perform both government work and private work advising them on prevailing wage and Davis-Bacon regulations, compliance issues and administration of “bona-fide” fringe benefits. Fringe Benefit Group administers The Contractors Plan which is endorsed by construction industry trade associations and helps non-union contractors reduce labor costs, save money, win bids and stay compliant on all government work.
Mason contractors registered for Masonry Certification will receive 1.00 credits in the Ethics and Business Practices discipline upon completion of this course.
Register for Reducing Labor Costs, Bid Costs and Employee Benefit Costs on Government Work at www.masoncontractors.org/live.
2014 Live Webinar Season PassThe Live Webinar Season Pass gives you and your entire company year-round access to all live and on demand recorded webinars for the calendar year. Sign up today for as little as $300.00.
Visit www.masoncontractors.org/live for more information and to view a full schedule of MCAA’s Live Webinar Series.
About the Author
Tim O’Toole is the Director of Marketing, Education, and Information Technology for the MCAA. He has a Masters in Business Administration from Webster University and has worked in the masonry industry since 2003.