Design Fringe Benefits

The definition of fringe benefits is the amount paid by an employer to cover non-wage benefits. This includes (but is not limited to) health insurance, disability insurance, retirement, pensions, life insurance, and dental insurance. The U.S. Federal law does not require fringe benefits across the board. However, the inclusion of fringe benefits in employee compensation packages is federally mandated in certain industries.

For government contractors, for example, there are stipulations of the U.S. Davis-Bacon Act that require any contractors who accept a job for more than $2,000 to provide employees with certain guarantees. They must provide workers with a living minimum wage that is applicable to the city in which the work is being completed. They must also provide fringe benefits for the duration of the project. This typically means health insurance and disability coverage.

How We Design Fringe Benefits

At The Boon Group, we've made a living tailoring coverage for government contractors and hourly employee businesses of varying sizes. We design our fringe benefits around your specific needs. If you are a contractor, we will take into account the city regulations in the area where you are working, as well as federal mandates.

For businesses with hourly employees, we will design a cost-effective plan that allows employees to purchase their own insurance within their budget, while still saving you money in matching contributions. All we ask is that you contact us to find out more. We can design a custom fringe benefits plan that is right for your needs in no time.