Admin firms who do Davis-Bacon plans (government contracts)?

[Guest CAM]

Help!! There is a government contract that stipulates a minimum wage which may be paid either in the form of direct compensation or direct and deferred compensation. The deferred compensation can either be in the form of retirement or health benefits. Does anyone remember what this type of contract is called? It seems to me that there

are firms that do nothing other than administer this type of plan. Does anyone know where you might find a listing of those firms? I'm looking for one in the Central California area. Thanks!!!

[Kirk Maldonado]

I believe that they are called Davis-Bacon plans.

[actuarysmith]

They are definitely called Davis-Bacon plans. Only some firms specialize in the admin on these plans.

[Kirk Maldonado]

I seem to recall that there were some threads on Davis-Bacon plans in the past. You might want to search them. (Unfortunately, there isn't a lot written on these types of plans.)

[Guest CAM]

Thanks! That was the name I was looking for but couldn't recall...Davis-Bacon. Does anyone know where I find a listing of firms that do handle the administration on these plans. As I recall they can be tricky and if not handled right can cause the company to lose the contract. Again thanks to both of you for jarring my memory.

[IRC401]

There are some plan design issues with Davis-Bacon plans

that you need to be careful about, but I am not aware of anything special about the administration.