Pension Plans

Beneco can assist you in helping to establish a prevailing wage plan which allows you and your employees maximum tax savings as well as reducing administrative costs and investment expenses. Below is an example of how to effectively use prevailing wage fringes:

Table of savings by paying fringe benefits into Beneco's bona fide plans

The Beneco Basic and Beneco Plus Plans

The Beneco Basic and the Beneco Plus plans are two plans that provide retirement funds. Individual Investment Guidance - BeneCoach*** is available 24 hours a day, 7 days a week for either of these plans.

  1. Beneco Basic - Contractors contribute prevailing wage fringes.
  2. Beneco Plus - Contractors contribute prevailing wage fringes and in addition non-prevailing wage employees, employers and owners may contribute pre-tax and after-tax dollars.
Diagram of savings with Beneco's plans

*Payroll Burden is subject to employer payroll tax, worker's compensation premiums or general liability premiums.

**Taxes may or may not apply depending on contribution type.

***BeneCoach is provided by Beneco Trust Company through the use of computer models. Neither Beneco nor Beneco, Inc. provide, or are responsible for providing, investment advice.