For the past several years, government contractors have found themselves in an increasingly challenging financial position. The COVID-19 pandemic has thoroughly shaken business and operations, healthcare costs are on the…
Tag: fringe rate
It’s Here! The 2022 Health and Welfare Fringe Benefit Rate
Every year, government contractors eagerly await the U.S. Department of Labor’s announcement of the new fringe benefit obligation for health and welfare benefits under the Services Contract Act (SCA). The…
The Advantage of Putting Fringe Benefits Towards a Retirement Plan
In the government contracting space, contracts are won on narrow margins of dollars and cents – and good sense! Utilizing the fringe dollars required by government contracts on employee benefits…
Health and Welfare Benefits Under the SCA
The Department of Labor’s annual fringe rate for health and welfare benefits has a massive impact on the operations of SCA contractors. The state of the fringe rate greatly influences…
Top Industry Challenges Facing Construction Contractors
Things may slowly be getting back to normal, after a rough couple of years, but that doesn’t mean construction contractors are in the clear. 2022 still has plenty of curveballs…
Government Contractors Need a Fringe Rate Increase
Every year the Department of Labor announces a new rate for fringe benefits. That number is of the utmost importance for thousands of government contractors, as it impacts everything from…