When we hear things like “Pension Plans,” “401K” or “Retirement” we often shut down and simply stop thinking about the options that are available to us simply because we aren’t fully aware of what these plans entail and have to offer. Retirement is a huge part of everyone’s life and it is vital to ensure that you and any and all of your employees are prepared to take the step of retirement when the time is right. There are many great options and resources available for you; one of the leading options that is growing more popular with each year, is the Davis-Bacon Pension Plans, INC. Offering employers a cheaper alternative to other plans, Davis-Bacon has many benefits that come with their competitive plans. With this information, many questions may arise such as, am I qualified for a pension plan, what does a pension plan mean for me, and how do I qualify? There are many questions you may have, however, the staff at Davis-Bacon is ready to assist you and get you all the information you need on your new plan.
By offering an IRS approved retirement program, everyone who works on a Davis-Bacon State prevailing wage job or service contract is eligible to enroll and participate in a Davis-Bacon Pension Plan. There are many reasons why adopting the plan is beneficial to employers. To highlight a few, you may be able to lower payroll taxes as well as general liability insurance premiums. By doing this it could allow your company profits to be increased, which allows you to use those savings that are offered to bid and pay a more competitive wage.
To look into eligibility and learn more, visit Davis-Bacon Pension Plan, INC. and begin your journey to set up your employees with a retirement plan that is guaranteed to help them when they decide it is time to take the step of retirement.