Seasonal crews, prevailing wage jobs, and union considerations make construction retirement plans uniquely complex. We've administered plans for contractors since 2006.
Construction & trades plans typically start at $146/mo at the Starter tier.
Get StartedNot a Cookie-Cutter Industry
Compliance-Critical
If you bid on government contracts, prevailing wage fringe benefit contributions often flow through a 401(k). We design plans that capture those contributions correctly — matching the wage determination classifications to your plan's allocation formula.
Fluctuating Census
Your headcount changes project to project. We handle eligibility tracking, break-in-service rules, and contribution calculations for a workforce that is never the same size two months in a row.
Multiple Entities
Many construction businesses operate through multiple LLCs — one for each project, one for equipment, one for management. Controlled group rules can trip up plan compliance. We test across all related entities.
Testing Strategy
The split between highly compensated office staff and lower-paid field crews creates testing challenges. We design contribution formulas and eligibility provisions that keep your plan compliant without overspending on the field side.
FAQ
On government-funded projects, the Davis-Bacon Act requires employers to pay a prevailing wage that includes a fringe benefit component. That fringe amount can be directed into a 401(k) plan as an employer contribution, reducing your out-of-pocket cash cost while providing a retirement benefit. We design the plan to properly receive and allocate these contributions.
We apply the plan's hours-of-service and break-in-service rules to determine eligibility and vesting. For seasonal employees, this often means elapsed-time or hours-based tracking. We handle the calculations so you don't have to.
Yes, though union employees covered by a collective bargaining agreement that provides for retirement benefits can generally be excluded from your company's plan. We help you navigate the exclusion rules and ensure compliance.
Retirement + HR Under One Roof
Multistate workers' comp, Davis-Bacon HR compliance, OSHA documentation, and employee handbooks for crews that change every season — IndeHR handles the HR side so you can focus on the job site.
Companies using both IndeHR and Independent Retirement qualify for our Premier tier with bundled pricing.