Southern Benefit Systems
GOVERNMENT
CONTRACTORS
navigate the complex world of health benefits, remove pain points, and attract top talent
Whether you're using fringe benefits or cash-in-lieu, we will help you maximize profitability, increase efficiency and streamline your benefits.
what we do
HEALTH BENEFIts design
Offering the right health benefits attracts top employees and contractors. We'll make sure you have a plan that is cost-effective and meets the needs of your team.
MAXIMIZE PROFITABILTY
Maximing profitability is critical in government contracts. We'll help improve your efficiency to drive revenue and long-term savings.
navigate compliance
Stay protected from DOL audits and ensure you're working within the many rules and regulations. We'll help you navigate SCA, DBA and IT regulations.
It all starts with a simple conversation.
Give us a call today to get started.
INSIGHTS
the four things you have to get right
There is plenty of research and support when it comes to winning a government contract. But, what happens once you've secured the contract and need to staff for the actual work?
Here are four key areas to ensure you have covered:
Meet health and wellness (h&W) Requirements
Employers subject to the Service Contract Act (SCA) must meet the wage and benefit provisions of the contract’s Wage Determination (WD).
The WD specifies the labor classifications, associated minimum hourly wage rate, the minimum hourly Health & Welfare (H&W) fringe rate, and the vacation and holiday benefits covered for which service employees are entitled.
It's dense information and can change with new regulations. Staying on top of the rules can be difficult for many companies that aren't familiar with the landscape or don't have an experienced H&W benefits partner on their side.
implement benefits that attract talent
Federal contractors are subject to multiple regulations regarding hourly and contract employees when it comes to fringe benefits.
Implementing a cost-effective fringe benefits plan helps attract and retain top talent while saving money for the business.
Some companies prefer a cash-in-lieu structure. There are ways to set up the plan to ensure you're balancing profitability with employee satisfaction.
Choosing the right structure to align with your business strategy is critical to setting the foundation for long-term savings while supporting your team.
have a robust admin system in place
When it comes to hiring and fringe benefits, there are multiple Acts and regulations you must follow to stay compliant (like ACA and SCA). Ensuring you have a robust administration system is vital to maintaining your contract in good standing.
Government contractors who have a regulatory obligation to provide fringe benefits to their employees often find themselves unnecessarily burdened with the additional management and financial reporting requirements.
This can be painful and cumbersome for many government contractors, so working with a trusted partner to manage the administrative side of benefits management is often a preferred method.
always be ready for audits
Audits are a way of life in government contracts.
Implementing a benefits plan that stays within the guidelines while maintaining accurate reporting has to be a top priority for leaders.
Audits can happen with little to no notice and at any time in the contract cycle, with significant penalties for noncompliance.
Whether you're working with a trusted Third-Party Administrator (TPA) or keeping everything in-house, you need to be ready for audits. Having the right support will ease the administrative burden and free your company to focus on growth and new contracts.