Prevailing Wage Solutions
Fact
Workers who are extremely or very satisfied with their employer’s benefits program are 9x more likely to stay with their employer
We have spent almost 40 years building turnkey prevailing wage solutions to meet the unique needs of contractors and their workers.
The benefits needs of contractors are unique and complex, especially those who work on prevailing wage projects. But have no fear: we have focused on one thing for almost 40 years—building prevailing wage solutions that cater to the unique challenges and opportunities that contractors face.
When contractors call us, it’s usually for a few reasons…
To save money.
Federal and state laws have been implemented to encourage you to provide your employees with better benefits. Take advantage of them and save up to 10% on your labor costs.
To bid more competitively.
Lower labor costs will give you a competitive edge. Win more jobs by being able to bid more competitively.
To attract and retain employees.
Construction workers who are extremely satisfied with their employers’ benefits programs are nine times more likely to stay with them. Keep your employees by keeping them happy.
To maximize their financial security.
Our unique 3-in-1 plan design and strategies can help business owners make greater tax-deferred contributions to their own retirement savings. Take advantage of this opportunity!
To stay compliant.
Compliance is critical to keeping costs down and ensuring you can run your business without distractions. We have almost 40 years of experience giving our clients peace of mind.
To increase efficiency.
Benefits administration can be expensive, complicated, and time-consuming, distracting you from what you do best. Simplify your life with our fully bundled turnkey solution, with only one number to call.
We don’t do it alone.
We partner with top-tier providers to bring you one turnkey solution.
By partnering with top-tier providers, we have created an exceptional benefits platform for contractors. These partnerships give you access to premier investment products, institutional-level investment management, the highest level of fiduciary protection, and leading compliance and payroll services and technology. We’ve streamlined it so you only have one number to call for assistance.
So why have over 1,000 contractors chosen Beneco?
Aside from our deep-rooted expertise in construction and prevailing wage and our exceptional team of benefits professionals, our clients often choose Beneco for several reasons:
40 Years and Counting
Prevailing wage benefits isn’t easy business. For almost 40 years, we have focused exclusively on serving the unique needs of contractors, and have a level of expertise in prevailing wage that few do.
Real Outcomes
We can help contractors to save money, build their business, and take care of their valuable workers — all at the same time. Give us a call and we'll tell you how!
One Number to Call
We partner with some of the best service providers, but through our team-based approach, we handle all of the coordination for you and give you one number to call to make your life easy.
We're Built on Strong Values
We believe in a unified team, unleashing heroes and growth, giving back, and delivering ``WOW!`` Our values are the foundation on which we build our own business.
Unlock hidden savings on payroll costs
Are you overpaying on payroll costs? Many construction companies unknowingly lose thousands each year by mishandling fringe benefits. Our Fringe Savings Calculator helps you see exactly how strategic benefit contributions can save your business money — without cutting employee pay.
Want to learn more about your findings or get a personalized savings breakdown? Contact us for a free consultation.”
Cost Savings Calculator
Please input all the values!
*Average labor burden tax rate
Who We Are
Who we are — A team pursuing a mission
to help contractors since 1987.
Who We Are
As we’ve grown, our relationships with contractors,
workers, and partners have grown, too.
Our story started much like yours probably did, with a family who had a vision — to earn an honest living and create a legacy, in this case by bringing unique employee benefit programs to the construction industry.
Fueled by a mission to help public works contractors build their businesses while taking care of their future and that of their valued employees, Beneco grew steadily over the years by staying true to some essential core principles:
- Stick to what we know and know our stuff better than anyone
- Take care of our clients as if they were part of our family
- Do the right thing at every turn.
We are proud of the impact that we have made for almost 40 years
We have partnered with over 1,000 contractors
We have served clients across all 50 states
We have helped over 70,000 tradespeople build a more secure and prosperous life
Our clients and their employees have contributed over $1.5B to our unique benefit solutions
We are values-led
Our core values are everything to us. They guide how we behave, make decisions, hire, and the standards we hold ourselves to. They represent what our clients and partners can expect when working with Beneco.
People Matter
Treating individuals with respect and appreciation on a personal level shows People Matter. We’re trained to see any question or solution through the eyes of our clients.
Quality First
We are a talented and dedicated team with a positive outlook and a strong sense of shared responsibility. Our unity is our strength.
Integrity Always
Here, we hold ourselves to the highest ethical standards, aiming to earn and build trust with our clients and partners by delivering on our promises. We believe that doing what’s right every time ensures fair results.
We believe in something we call PeopleFirst.
The key to our success is working with, learning from, and developing exceptional people. We call this philosophy PeopleFirst. We can only take care of our clients well if we care for our people first.
Kristy Bryson
Brian Paone
Emma Mejia
Jason Sperfslage
Mark Villanueva
Chris Walton, MSBA
Our Core Values in Action
Homepage
BENCO PROVIDES
Services at Beneco include Recordkeeping, Third Party
Administration (TPA), and Benefits Consulting Services.
Employee Benefits
HR Solutions
Compliance Services
Tax Savings
Over time, we have heard the same types of things from the hundreds of contractors we have partnered with
For almost 40 years, Beneco…
has partnered with contractors to build their businesses, while building a more prosperous future for the valued workers who depend on them… so that they can focus on building our country.
You are Always Building, and Beneco is here to support you.
It doesn’t have to be this way
We’re on a mission to change this, and help you build your business and your own financial future at the same time.
Over 1,000 contractors have partnered with Beneco to…
Take Care of Workers
Attract workers through better benefits and help them build a more secure and prosperous future
Save Money
Lower payroll costs and drive more profit to the bottom line
Bid More Competitively
Improve your ability to win bids and be more competitive
Stay Compliant
Rely on our 35 years of expertise to keep you in compliance
Improve Efficiency
Simplify your life using our one-stop shop and tailored solutions
Better Benefits. Made Easier.
Building and securing our nation’s future isn’t easy business, but you’ve stepped up to the challenge. Our HR and benefits platform aims to make your life easier by providing your employees with better benefits… while saving your office staff time and saving your business money.