FOR IMMEDIATE RELEASE
Ann Arbor, Michigan – June 19, 2025 – The U.S. Department of Labor (DOL) has introduced a revised version of the WH-347 certified payroll form, bringing important changes designed to simplify reporting and increase transparency for contractors working on federally funded construction projects. HCM TradeSeal, a leader in human capital management solutions for the construction industry, is helping contractors adapt to these updates with ease.
The updated WH-347 form, released in January 2025, combines previous documentation requirements by merging the WH-347 with the WH-348 “Statement of Compliance.” This consolidation reduces paperwork and streamlines compliance obligations under the Davis-Bacon and Related Acts (DBRA), making it easier for contractors and subcontractors to stay compliant.
Key Updates to the WH-347 Form Include:
Integrated Statement of Compliance: Contractors are no longer required to submit the separate WH-348 form. All necessary compliance information is now included in the revised WH-347.
Enhanced Fringe Benefit Reporting: Employers must report detailed fringe benefit information, including specific hourly rates and the method of payment. This change improves compensation transparency and helps ensure full compliance.
Clear Identification of Apprentices: Contractors must specify whether workers are journeyworkers or registered apprentices. If apprentices are listed, proof of enrollment in an approved program must be provided.
Improved Form Design: The revised layout and clearer instructions make the form easier to complete and understand, saving contractors time and reducing confusion.
Fringe benefits, such as health insurance, retirement contributions, and paid leave, must be accurately reported. Failure to properly document these benefits can result in compliance violations, penalties, and the loss of eligibility for future federal contracts.
Automating Compliance with HCM TradeSeal
HCM TradeSeal provides tools to help contractors comply with the new WH-347 form. By automating fringe benefit tracking and certified payroll reporting, the platform ensures accurate submissions that meet Davis-Bacon requirements.
HCM TradeSeal was specifically developed to eliminate the complexity of prevailing wage compliance. With the introduction of the revised WH-347 form, the platform has become even more valuable by helping contractors reduce reporting errors and avoid costly penalties.
Key Features of HCM TradeSeal Include:
Automated Fringe Benefit Compliance: Ensures accurate classification and reporting of benefits in accordance with federal regulations.
Seamless System Integration: Works with leading payroll and ERP platforms for efficient reporting.
Error Prevention Tools: Minimizes manual mistakes, improving accuracy and reducing risk.
Fringe Credit Optimization: Helps contractors reduce payroll taxes while maintaining full compliance with wage laws.
The DOL encourages contractors to begin using the updated WH-347 form immediately. Although the older version is still accepted through September 30, 2026, switching now allows contractors to prepare for the future and avoid last-minute adjustments.
Contractors working on federal projects can rely on HCM TradeSeal to simplify compliance, improve reporting accuracy, and reduce administrative burdens related to fringe benefit management.
For more information about the updated WH-347 form or to learn how HCM TradeSeal can support your payroll and compliance needs, visit www.hcmtradeseal.com or contact us directly.
Company Information
Website: www.hcmtradeseal.com
Management Team:
- Steve Fentriss, CEO and Co-Founder
- Liz Everson, Chief Marketing and Revenue Officer
Contact for Media Inquiries:
Liz Everson, Chief Marketing and Revenue Officer
[email protected]s:
Liz Everson, Chief Marketing and Revenue Officer
[email protected]