Davis-Bacon and Related Acts (DBRA)

The Davis-Bacon and related Acts (DBRA) require certain contractors to pay their laborers and mechanics at least the prevailing wage rates and fringe benefits for corresponding work on similar projects in the area. The prevailing wage rates and fringe benefits are determined by the Department of Labor (DOL) for inclusion in covered contracts. DBRA to contractors and subcontractors performing work on Federal or District of Columbia construction contracts in excess of $2,000.

A qualified plan that is funded in part or entirely with DBRA contributions must comply with the Davis-Bacon regulations and all of the terms of ERISA and the Internal Revenue Code.

Goldleaf Partners can ensure all-around compliance and administer your plan with expertise. We provide additional guidance for DOL self-corrections and help minimize future problems.