Using Fringe Dollars to Neutralize Obamacare
As I’m sure you are aware, the Affordable Care Act (ACA) is rolling full steam ahead in 2015.
If you are an merit shop contractor working on prevailing wage projects for the federal, state or municipal government and you pay fringe dollars in payroll, you may be missing a great opportunity to leverage those fringe dollars to offset the effects of the ACA.
When you move fringes dollars out of wages and into The DirectAdvisors Trust you not only save money on payroll taxes and premiums (typically 20%-30%) but you can utilize those dollars to pay for employee medical insurance and other benefits.
Fringes paid to the DirectAdvisors Trust and then utilized to provide medical coverage are considered employer-funded benefits and, therefore, meet the “affordability” requirement of the ACA.
To learn more, please down load our whitepaper, “The Effects of Obamacare on Merit shop Construction Companies” and watch our short animated video at www.directadvisors.com/prevailingwage.