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…
Tag: health and welfare benefits
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…
2021 SCA Fringe Rate Announced by the DOL
On July 16, 2021, the Department of Labor’s Wage and Hour Division issued All Agency Memorandum No. 237, announcing that the prevailing health and welfare fringe benefit rate under the…
How a Fringe Benefit Plan Drives Competitiveness
[A version of this article was originally published in the July 2021 issue of Construction Business Owner magazine.] The government contracting industry is in a league of its own when…
Health and Welfare Benefits and the Executive Order
On April 27, 2021 the Biden-Harris administration issued an executive order raising the minimum wage for workers who are working on federal contracts to $15. The task of implementing and…