Record Keeping

​​​​​         214-298-9573

request@bhbenefits.com​

Government contractors are required to provide a bona-fide fringe benefit to each employee. The terms of this requirement are found in the employer's contract with the government.

​Since most of these mandates are a derivative of the hours worked by the employee in conjunction with the posted fringe rate, record keeping services are vital for contract compliance.

Services Include:

• Monthly reconciliation of employer fringe reporting

• Differentiation of “fixed” cost and “average” cost contracts

• Individual employee accounting

• Plan management and eligibility

• Premium allocation and reconciliation

• Premium reserve and hour bank accounting

• Reporting trail for Department of Labor (DOL) audits