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Savings Calculator

Using the savings calculator below, you can determine how much your company can potentially save by providing a "bona-fide" fringe benefit instead of paying the Health & Welfare benefits directly in the employee's paycheck. As of June 2011 the hourly "fringe" rate for all New SCA contracts was $3.59. Please note that these calculations are for illustrative purposes only.

Base Wage:
Fringe Benefit Rate:
Payroll Burden (based on %):
(FICA, FUTA, SUTA, workers Compensation Premiums**, Public Liability Premiums)
Work hours per month:
Prevailing wage employees:
 
   

Results

Total Hourly Rate:
  Fringe Benefits paid as W2 Income Fringe benefits into a Benefit Plan
Total Hourly Prevailing Rate    
Fringe Benefits    
(Health, Pension, Vacation, Holiday)    
Net Hourly W-2 Income    
     
Payroll Burden    
(FICA, FUTA, SUTA, workers Compensation Premiums**, Public Liability Premiums)
Subtotal    
     

Savings

Hourly savings per employee 0
Work hours per month 0
Monthly savings per employee 0
Annual savings per employee 0
Annual savings for all employees 0

How can we benefit you?

  • Save on payroll assessment taxes
  • Submit more competitive bids
  • Offer medical, dental, vision, disability and life insurance
  • Submit more competitive bids
  • Stay in compliance DOL, IRS and State regulations
Learn more