ABC National & Fringe Benefit GroupNational Marketing Partnership

Who We Are

Founded in 1917 Number one area of emphasis is Construction

Contractors Insurance and Surety Company goal is to be your business partner Experienced in all lines of insurance including

employee benefits

Who We Are

We implemented the first “bona-fide” benefit plan for prevailing wage contractors (PW) in 1979

We have helped over 4,000 non-union contractors reduce labor costs, win more bids and stay compliant

We are experts in PW benefits and compliance Broker-based marketing with local support

The Problem when performing government work

Many contractors pay some or all of the mandatory fringe benefit package as wages because it is the easiest way to satisfy DOL

compliance. It is also the most costly method……

How It Works…prevailing wage is broken down into 2 part: Base Wage + Fringe

Pay Fringe in Paycheck

Base Wage $28.60Fringe $12.43

Total Wage $41.03

Payroll Burden $12.30(30%)`

Bid Cost $53.33

Pay Fringe to “Bona Fide Plan”

Base Wage $28.60

Total Wage $28.60Payroll Burden $8.58(30%)

“Bona Fide Plan” $12.43

Bid Cost $49.61

$3.72/hr savingsper person

Bid is 6.98% lower

The Solution: Remove fringes from payroll and allocate into “bona fide” programs..

Fringe DollarsFringe Dollars

Health &Welfare

Health &Welfare

VacationVacation RetirementRetirementTrainingTraining

Health Insurance Carriers

ABCWV and MSIA give you the option of two excellent carriers United HealthcareMountain State Blue Cross Blue Shield

Fringe Benefit Group

We offer “bona fide” benefit plans that are designed to address the unique challenges of the Davis-Bacon and SCA marketsMajor Medical Health InsuranceLimited Medical HealthRetirement Plans

Health Plans Contractors Plan Employee Benefit Trust

8,000 contractor lives treated as 1 group Very desirable demographic

Custom quote available for larger groups PPO Options Composite Rate Ancillary benefits: dental, vision, chiropractic, life

insurance

Hourly or monthly premium payments “Carve-out” of field workers available COBRA administration included Hour Banking

Coverage based on minimum monthly hoursExcess hours/dollars banked for employeeAvoids ineligibility under traditional plansBank provides coverage when fewer hours worked, or laid-off

Health Plans

Retirement Plans

“Fringes only plan” or 401k/PS Takeover of existing plan or stand alone Employer makes contributions on chosen

projects only. (not annualized like health) Two-tier investment menu design ideal for

contractors Third-party plan trustee

Advantages for Employer and Employee Employer

Competitive bids and/or higher profitsFree up cash flowEqualize wages between public and private work Increase retirement savings for owner & HCEs

EmployeePre-tax savings and “forced” retirement savingsHealth coverage for dependents and during down

time