Unfunded plans. If the contractor does not make payments to a trustee or other third person, the contractor may consider as part of the wages of any laborer or mechanic the amount of any costs reasonably anticipated in providing bona fide fringe benefits under a plan or program, Provided, That the Secretary of Labor has found, upon the written request of the contractor, in accordance with the criteria set forth in § 5.28, that the applicable standards of the Xxxxx-Xxxxx Act have been met. The Secretary of Labor may require the contractor to set aside in a separate account assets for the meeting of obligations under the plan or program.
Unfunded plans. (Deductions for fringe benefits will be administered by the contractor “e.g. vacation plan”) Name of plan(s) I certify that no deductions will be made for unfunded plans until approval is obtained from the U.S. Department of Labor. I understand that to obtain approval, I must provide the representative of the Safe Drinking Water Revolving Loan Fund recipient with the following for submission to the U.S. Department of Labor:
