Prevailing Wage Fringes-Taking Credit for Company 401k Contributions

Certified Payroll/Prevailing Wage, Payroll Tips
Taking a credit against the full prevailing wage fringe benefit for company paid 401k contributions and reporting it correctly on the Federal WH-347 Certified Payroll Report can be very confusing.  This question was asked by a reader who recently requested our 4 Ways Contractors Pay Prevailing Wage Fringe Benefits eBook. We are a non-union shop working on prevailing wage jobs; our Company offers a 401k plan and the company contributes 4% of  our employee's gross wages to the 401k.  We understand that the 401k plan is considered a bona-fide plan, but how do we take an hourly credit when our contributions are based on a percentage of gross?  Currently we just look at an employee's gross wages for the month and make the calculations and contributions. ------------------------------------------------ Taking a credit…
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