Tuttle & Traina Insurance Agency, Inc.

Surety & Insurance Services

Richard C. Traina

William B. Tuttle

Thomas D. Moylan

Raoul Cormier
44 Main Street, Post Office Box 489, Sterling, MA 01564
Phone: (978) 422-7700    Fax: (978) 422-8106

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EXAMPLE OF COST SAVINGS THROUGH THE
CONTRACTORS RETIREMENT PLAN AND TRUST

COST WITHOUT THE PLAN (Carpenter - $17.76 Davis-Bacon Rate)
Base Pay $15.58
Fringes as cash pay $ 2.18
$17.76 $17.76
Labor Burden -- Taxes & Premiums:
FICA $ 1.33
Worker's Compensation $ 2.93
Public Liability $ 1.07
Federal Unemployment Tax $  .11
State Unemployment Tax $  .53
$ 5.97 $ 5.97
Total Cost Per Hour $23.73


COST WITH THE PLAN (Carpenter - $17.76 Davis-Bacon Rate)
Base Pay$15.58
Fringes $ 2.18
$17.76 $17.76
Labor Burden -- Taxes & Premiums:
FICA $ 1.17
Worker's Compensation $ 2.57
Public Liability $  .93
Federal Unemployment Tax $  .09
State Unemployment Tax $  .47
$ 5.23 $ 5.23
Total Cost Per Hour $22.99
Savings Per Hour $  .74
Savings Per Month Per Each
Employee (assuming 173 Hours)		 $128.00

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