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Folder 10-2019 New Jersey MW562 Update

Documents

video 1. When all Fringes are paid in CASH to the Employee Popular

By Tagged in NewJersey 3447 downloads

1. When all Fringes are paid in CASH to the Employee

This video is for non-union contractors in New Jersey who pay the FULL fringe benefit rate from the wage decision in CASH to the employee and check box 4(b) WHERE FRINGE BENEFITS ARE PAID IN CASH on the Statement of Compliance.

video 2. First Things FIRST Popular

By Tagged in NewJersey 3625 downloads

2. First Things FIRST

Everyone (EXCEPT) contractors paying the FULL fringe in CASH to the employee) should start with this video!

It explains the basic setup instructions in CPS in order for you to comply with the new requirements that New Jersey Department of Labor (NJDOL) is requiring on the Statement of Compliance for all contracts entered into on or after October 1, 2019.

This video also explains HOW fringe benefits can be setup in CPS depending on HOW you pay the fringes.

Among the changes to the Statement of Compliance there is a section (table) requiring that where the fringe benefit due employees is paid to approved plans, funds or programs (rather than to the employee in cash), the contractor must indicate which part (amount) of the total fringe benefit amount was paid to each of the following plans/funds/programs: health/welfare, vacation/holiday, apprenticeship/training, pension and other.  The form also requires that for each such plan/fund/program, the contractor identify the name and address of the fund, plan or program administrator, the USDOL benefit plan filing number or EIN, and any third-party trustee and/or contact person. 

 

video 3. Fringes are paid into one or more plans-BUT Full Fringe varies by job and there is a balance dumped into a specifc plan Popular

By 3476 downloads

As a non-union contactor, you pay the full fringe rate into one or more plans, BUT the fringe rate varies by JOB and you just want to "dump" the balance (after fixed fringe rates) into either a Pension or SUB plan.

In this situation it's appropriate to enter Fringe Benefit Rates by employee and have CPS do the math to dump the balance of the fringe rate into a Pension or SUB Plan.

 

 

video 4. Some fringe contributions to plans with a balance in CASH Popular

By Tagged in NewJersey 3255 downloads

4.  Some fringe contributions to plans with a balance in CASH

This video is for non-union contractors who pay PART of the FULL fringe into one or more approved plans

  • think of those CREDITS taken for company contributions to employee health insurance, dental insurance, a 401(k), Supplemental Unemployment Benefit/SUB plan, etc.
  •  you are allowed to take a credit for Vacation and/or Holiday that you offer and that is handled in-house
  • These rates/credit differ by employee
  •  the balance of the FULL fringe MINUS credits is paid in CASH to the employee.

Watch video 2 FIRST and then watch this video.

 

video 5. When the full fringe is paid to the Union Popular

By Tagged in NewJersey 3724 downloads

5.  When the full fringe is paid to the Union

This video demonstrates when and how to enter fringe benefits by Work Classification, Payroll Wage Item, or a combination of both and is geared more toward Union contractors.