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Retirement Plans
For nearly 25 years contractors nationwide have used our plans
when working on Davis Bacon, Service Contract, or other prevailing
wage laws. Our expertise in designing plans which optimize your
ability to win more contracts while also meeting your specific
company needs is unsurpassed. We provide the best mix of valuable
retirement benefits, low out of pocket administration costs,
top flight participant customer service, and innovative plan
design. To date we have assisted over 3,600 employers nationwide
and we currently have approximately 40,000 participants.
Investment Management
The trust utilizes some of the top asset managers in the financial
services industry including the following:
- AIM
- Columbia
- Exeter
- Fidelity
- Franklin
- Lord
- Abbett
- MFS
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- Neuberger
- Berman
- PIMCO
- Putnam
- Templeton
- T. Rowe Price
- Vontobel
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Key Employer Advantages
- You become more competitive and profitable.
- Comply with the intent of the Davis-Bacon and Service Contract
Acts by providing a valuable employee fringe benefit.
- Flexibility to cover different job sites and job classifications
at different rates.
- Equalize take home pay for employees moving between private
and public projects.
- Boost key employee benefits.
You save:
- FICA Contributions
- Workers Compensation Premiums
- Public Liability Premiums
- Federal Unemployment Tax
- State Unemployment Taxes
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Employee Benefits
- Employees receive normal take home pay.
- Pay income tax only on normal wages.
- Pay FICA only on normal wages.
- No income taxes paid until funds withdrawn.
- Employees have individual accounts.
- The plan is totally portable.
- The account is 100% vested
Contractors Benefit Services, LLC
223 East Center Street Manchester,
CT 06040 Telephone: (860) 533-3090
Toll Free: (800) 800-5206
Facsimile: (860) 645-7460
Email: tgorman@gormaninsurance.com |