Service Contract Act Benefit Plans

Service Contract Act (SCA) benefit plans fall under the requirements as set forth by the federal government. The SCA requires government service contracts of more than $2,500 to provide specific minimum wage and fringe benefits. In addition, there are working condition requirements and restrictions regarding the length of said contracts. Government contractors have the challenge of following all the specifics of the SCA while staying within a limited budget.

At The Boon Group, we have over 25 years of experience designing and maintaining Service Contract Act benefit plans. We monitor for updates by the federal government to keep all of our clients in compliance. Our third-party administrator, Contractors Employee Benefits Administration, Inc. (CEBA), maintains fringe benefit account balances for employees, handles payment to benefit providers, reports compliance information regarding Department of Labor standards, and much more.

More about Service Contract Act Benefit Plans
In addition to health care coverage, our fringe benefit plans include the opportunity for 401(k) plans. We offer a low-cost retirement plan with increased profits for the employer while making all contributions vested immediately for employees. All accounts are accessible 24 hours a day via the Internet or by phone. Having a wide range of investment options makes it easy to meet the needs of any investor. Account activity is easily followed through detailed benefit plan reports.

At The Boon Group, we help contractors reduce costs while providing competitive benefit plans to keep your valuable employees content. For more information, or if you have questions about Service Contract Act fringe benefit plans, contact one of our professional representatives.