In today’s construction industry, business owners face more than supply chain delays and labor shortages. Rising construction costs due to impending tariffs add even more pressure to already tight budgets. Pair that with a volatile stock market, and it’s no wonder retirement plan participants—and the business owners who offer those plans—are feeling uneasy.

Our parent company, Ascensus, recently shared a timely article on how retirement savers can stay steady during market volatility. It’s full of practical advice you can share with your employees—read the full piece here.

But what about you—the business owner? You can’t control global markets, shipping costs, or raw material prices. But you can take action that helps protect your business and your bottom line. And that starts with one of your most significant and flexible expenses: labor.

Turning Fringe Dollars into Strategic Savings

Beneco’s unique employee benefits solutions are designed for the construction industry and the prevailing wage space. By channeling fringe dollars into compliant benefits instead of cash wages, contractors can:

• Lower payroll costs by reducing taxes and overhead
• Retain skilled workers with retirement, medical, and PTO – benefits that actually matter to employees
• Increase job profitability while staying competitive on bids
• Create long-term savings that help offset rising costs elsewhere in your business

This isn’t just about checking a box for compliance—it’s about leveraging benefits as a cost-control strategy in uncertain times.

Reclaim Control in an Unpredictable Economy

Tariffs and inflation may be beyond your control. But what is your labor cost strategy? That’s something you can take charge of—right now.

With Beneco, you can create a more predictable, sustainable way to care for your workforce while strengthening your financial position. And when the market sends stress signals, knowing you’ve got a smart plan in place can bring a much-needed sense of stability—for you and your team. Contact the Beneco team if you want to learn more about how prevailing wage benefit plans can benefit your company.