Fringe Benefit Programs
If you are working with the Government and paying increased wages to meet wage requirements your are operating at a competitive disadvantage to many of your competitors and costing your firm a substantial amount of unnecessary expenses.
CMR Risk & Insurance Services, Inc. can help you win more government contracts by reducing your payroll expense through a fringe benefit program allowing you to provide more competitive bids and win more contracts.
|Total Wage Paid In Cash||Wage Paid in Cash And Fringe Benefit|
|Cash Hourly Wage||$30.00||$20.00|
|Fringe Paid to Benefit Plan||$0.00||$10.00|
|Payroll Burden (Based on 25%)
|Total Cost Per Hour||$37.50||$35.00|
|Hourly Savings Per Employee||$0.00||$2.50|
|Monthly Savings Per Employee||$0.00||$432.50|
|Annual Savings Per Employee||$0.00||$5,190|
|20 Employees Working under contract||$0.00||$103,800 Annual Savings|
|3 Year Contract||$0.00||$311,400 Contract Savings|
CMR will provide full reporting to comply with all Fringe Benefit requirements. Contact us today and start winning more contracts!