A whole new kind of benefits for Fringe Compliant Benefit Plans
Integrate HR, time and attendance, payroll, and more to create a single employee record that’s updated in real time.
Integrate HR, time and attendance, payroll, and more to create a single employee record that’s updated in real time.
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We manage all your core, ancillary and voluntary insurance benefits on one platform. Plus our licensed advisors are available in person, by phone and email.
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HR, Benefits, Time & Attendance, Time Off, and more — every change flows directly into your payroll, keeping earnings, deductions, and taxes up-to-date for you.
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Our cloud-based platform of resources and training modules are supported by live HR experts. Resolve workforce issues, mitigate risks and ensure compliance.
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We make it easy for your employees to clock in/out, view pay stubs or their schedule, while streamlining
the onboarding of new hires and processing employee benefit elections.
Meeting the Fringe Requirements
29 CFR 4.17: Discharging fringe benefit obligations by equivalent means …
In general, the regulations permit an employer to discharge his obligation to furnish the fringe benefits specific in an applicable fringe benefit determination by furnishing any equivalent combination of “bona fide” fringe benefits or by making equivalent or differential payment in cash …
The Problem with Paying Cash
Contractors paying the fringe rate in cash through wages are at a competitive disadvantage on their labor costs because they incur additional expenses in the form of payroll burden including FICA and higher Workers Compensation premiums.
This example demonstrates the savings as a result of providing benefits versus paying the fringe in cash:
Assumption: Base Hourly Rate $16.00 + $4.02 Fringe Rate
No Benefits Paying Cash | Providing Benefits | |
Cash Wages | $19.71 | $16.00 |
Fringe Paid to Benefit Plan | $0.00 | $4.02 |
Payroll Burden | $2.90 | $2.40 |
Total Cost Per Hour | $22.25 | $21.75 |
Annual Savings Per Employee: $1,043.50
Total Annual Savings: $208,638.00
(Assuming 200 employees full-time employment status)
*Both wages and hours worked are based on assumptions.
“Workforce has saved us over $379,000 at our most recent benefit renewal. They have also handled all of the enrollments and on boarding seamlessly, which has been a great time saver.”
Workforce client since 2015
> Forms and templates
> Employment law alerts
> ACA and related compliance information
> Mobile app Integrated
> Back Safety and Injury Prevention (+Spanish)
> Emergency and Disaster Preparedness
> First Aid: Medical Emergencies
> Forklift Operation (5 Courses)
> OSHA 10 Certification
> Lockout/Tagout (3 Courses including Spanish)
> Machine Guarding
> Slips, Trips, and Falls (+Spanish)
> Union Awareness
> Recognizing and Responding to Conflict
> Strategies for Resolving Conflicts Integrated
Unlimited, expert PHR® or SPHR® designated HR consulting are a phone call or email away. Obtain guidance and advice on these critical areas to help mitigate human capital risks. Integrated
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ONE SYSTEM Payroll, time, scheduling and benefits, all inside one system & managed by one team.