Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

ABC Taps Fringe Benefits

Your article was successfully shared with the contacts you provided.

A major construction company trade group has agreed to encourage member firms to buy retirement services from Fringe Benefit Group Inc.

Associated Builders and Contractors, Washington, a trade group that represents 25,000 construction companies with 2 employees, will be including Fringe Benefit Group, Austin, Texas, in the ABC Business Partner program.

ABC members can use a Fringe Benefit Group retirement services package aimed at non-union companies that want to compete with union companies for federal contracts.

In some cases, employers try to compete in fringe benefits compensation by paying workers additional cash wages to make up the difference between what they offer and what the union employers offer.

Going with a fringe benefits plan can cut payroll taxes and workers’ compensation insurance costs, and they can give employees multiple distribution options, Fringe Benefit Group says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.