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What are examples of “Bona Fide” Fringe Benefits?

April 26, 2017Benefits examples Fringe

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What are examples of “Bona Fide” Fringe Benefits?

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Certain benefits are recognized as common in the construction industry and examples include health, pension, life insurance, severance, vacation and holiday pay, and certain apprenticeship programs. The Department of Labor does not restrict the types of fringe benefits that can be considered “bona fide” or the dollar amount a contractor contributes towards such benefits.