On June 27, 2023, the Department of Labor announced this year’s rate for prevailing health and welfare benefits issued under the Service Contract Act. The 2023 Service Contract Act fringe…
Tag: fringe rate
How the 2022 SCA Fringe Rate Could Impact Government Contractors
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…
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…