Why Choose a Davis Bacon Pension Plan from Davis-Bacon Pension Plans, Inc
If you know anything about a Davis Bacon Pension Plan, you may know that it is a great option for a variety of reasons. It can be a difficult decision to understand the different legal regulations when it comes to retirement plans, which is why we do the work for you. At Davis-Bacon Pension Plans, Inc we specialize in these plans and offer a variety of different benefits.
Benefits of a Davis Bacon Pension Plan
- Labor burden
- General Liability Insurance
- Compliance services
- Flexible pension plans
- Calculate savings
- Workers compensation
Davis Bacon Pension Plan Options
These are qualified plans that are established by employers. In these plans, employees may make elective salary reductions, as well as contributions on a variety of tax bases.
Matching for a retirement plan is always incredibly important. With Davis Bacon Plans, an employer contribution that may match the employee’s elective salary reduction contribution. This is always up to a specific amount, or percentage of compensation.
These plans allow you to create an equal contribution plan giving employers and employees access to the profits of the company. Then, employees are given a percentage of profits based on overall earnings.
There are two forms of Safe Harbor available. The first is mandatory for all eligible employees. This is something that is taken care of when obtaining a Davis Bacon plan through our services. Additionally, there is the Safe Harbor Match. This part of the plan includes a mandatory employer contribution for all eligible employees. If employees do not make a Salary Deferral then no contribution is made.