National Electrical Benefit Fund

Enriching the Lives of Everyone We Touch
2016 1099-R now
available online
Get Form 1099 Now

Determining Contribution Amount

Reporting for Bargaining Unit Employees

Reporting for bargaining unit employees is very simple. The NEBF contribution amount based on actual hours worked at 3% of the employee’s gross labor payroll.
 
 

Reporting for Non-Bargaining Unit Employees

Regardless of the type of participation agreement the contributing employer has there are two important things to remember:
  1. Actual hours for the reporting period must be reported for each non-bargaining unit employee.
  2. Actual or capped gross earnings for the reporting period must be reported for each non-bargaining unit employee.

 
Determining the "Cap" Wage

To determine the "Cap" Wage for your area – you can use our Wage Cap Calculator or manually calculate using the following formula:

JWR x Hours in the CBA x 52 weeks divided by 12 months

Once you have determined the "Cap" Wage for your area, ask this question:

"Is the employee making under the Cap Wage?"
 
YES
Use actual wages to
calculate NEBF 3%
NO
Use the formula above
to calculate NEBF 3%