Public Works Plans

Public Works Plans

A simple, low cost, innovative approach to Prevailing Wage Law Compliance. Our program offers an easy to understand solution that satisfies DOL requirements, while providing an open shop contractor the opportunity to not only lower their expenses, but reduce their liability.

Through this plan an Employer will realize a number of benefits and savings when they adopt the TPS Public Works Plan.

A simple, low cost, innovative approach to Prevailing Wage Law Compliance. 

Our program offers an easy to understand solution that satisfies DOL requirements, while providing an open shop contractor the opportunity to not only lower their expenses, but reduce their liability. The Supplemental Fringe is paid into the PWP. It is then used to fund a variety of benefit options per a menu designed and selected by the employer. An employee may choose to follow the pre-determined selection of benefits or they may customize the selections and contributions best suited to their individual situation.

Through this plan an Employer will realize a number of benefits and savings when they adopt the TPS Public Works Plan. 

Cost Savings: The employer will save substantial payroll costs with FICA, Worker’s Compensation, and Employer Liability insurance costs by having the Supplemental Fringe contributed to the PWP. Typical savings range between 30 to 40 cents per dollar.

Benefits Administration: The employer will now have a Third Party Administrator (TPA) administering their benefits under the PWP. This administration includes, but is not limited to, the employer’s sponsored medical plan(s). The TPA will handle all billing and enrollment issues, including the occasional question an employee or employee’s family member may have regarding claims and the insurance. 

If you participate in Prevailing Wage Jobs, please call us at 855-828-2229 to learn how we can help!

Related to: Third Party Administrator, TPA, Pension Plan Design Consultant, Retirement Plan Consultant, Retirement Plan Design, Pension Consultant, Third Party Benefits Administrator (TPA)

Further Reading: Public Works Plans

Reviews

Highly impressed with their level of expertise and outstanding customer service.

Highly impressed with their level of expertise and outstanding customer service.

I highly recommend TPS Group and their quality third-party administration for our 403(b) plan. During our long relationship with TPS Group, we have never failed to be impressed with their level of expertise and outstanding customer service. They keep their promises and it’s easy to work with them. Having our own rep Lauren McNabb is a plus!

- Don Senecal

"Extremely Helpful to Our Business"

"Extremely Helpful to Our Business"

Malinda deserves special recognition. She is prompt, courteous, and professional. We find her to be extremely helpful to our business.

- Angela Simino

"Wonderful To Work With"

"Wonderful To Work With"

My go to professional is Des. A wonderful person to work with. We can count on him to handle all of our needs.

- Andrea Blakeslee

"Answers All Of My Questions In A Clear Manner"

"Answers All Of My Questions In A Clear Manner"

Our case administrator, Susan, has been absolutely wonderful and is a joy to work with. She is very knowledgeable, patient, answers all of my questions in a clear manner, and is professional.

- Kathy Townsend

Extremely Valuable to Myself and Our Company

Extremely Valuable to Myself and Our Company

Kathleen has helped me gather info and understand text so many times and is extremely valuable to myself and our company.

- Elizabeth Robison

Very Responsive And Clear To Requests And Questions

Our service representative, Carol, is outstanding and very responsive and clear to requests and questions. Very professional yet pleasant.

- Jane Surmecewicz

They are a pleasure to work with and we highly recommend their services.

They are a pleasure to work with and we highly recommend their services.

For many years we’ve relied on TPS Group’s extensive knowledge and industry expertise to keep us in compliance with state and federal regulations as well as changes in the law. Their attention to detail is just what we need to keep our business operations running smoothly. They are a pleasure to work with and we highly recommend their services.

- Dan Neal

TPS filled in the gaps within our small HR department

Working with Kim and her talented team helped us fill in the gaps within our small HR department. I strongly recommend TPS for HR tasks that don’t warrant hiring a full-time team. Thanks again Kim!

- Jake F

Knowledge and Expertise

Excellent customer service can be hard to find, but not with TPS Group! I know when I do business with Phil Coco, I can expect a quick response. I rely on his knowledge and expertise, and highly recommend TPS Group for their pension services.

- Mark Catullo

Dependable, experienced, and professional

Dependable, experienced, and professional

Dependable, experienced, and professional, our TPS Group recruiter was an invaluable resource, helping us locate and vet quality talent.

- Tyler R. Vunk

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