Employee Benefit Trust – Save on Prevailing Wage projects!
National Construction Workforce possesses a Taxable Employee Benefit Trust (EBT) that allows it to be more efficient in the pricing of prevailing and common wage projects to its clients. Thanks to this unique capability, NCW isn’t limited to paying out fringe dollars in cash, and thus incurring and passing through employer tax obligations. On Davis Bacon projects, fringe dollars are able to be directed into a qualified retirement plan specifically for the individual employee. On locally funded “Common Wage” projects, NCW is able to utilize fringe dollars over and above the cost of the individual employee’s benefit cost, to reduce the overall cost of qualified company benefits. Both applications help NCW pass through significant savings on public works projects to our clients via a reduced billable hourly rate.