Prevailing Wage Plan

Lower Your Bid

If you are an open-shop contractor working on Federal or State public projects, you are required to pay out 100% of the local Prevailing Wage rate. However, you may choose to pay only the Base Rate directly to your employees and contribute the fringe rate into a bona fide pension plan.

By contributing the Fringe Benefit Rate into the Davis-Bacon Pension Plan & Trust you save the amount you would have paid in payroll taxes (FICA, FUTA, SUTA, Medicare), *premium based on wages in most states Workers Compensation and General Liability Insurance premiums on those funds.