Intergenerational Approaches
With so many experienced construction workers on the path to retirement, crucial and hard won insights from the field are at-risk of being lost at many businesses. But it doesn’t have to be that…
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Infrastructure Update: 60,000 Projects
The Infrastructure Investment and Jobs Act (IIJA) which was signed into law in late 2021, has so far resulted in over 60,000 construction projects around the country aimed at modernizing the deteriorating systems that…
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Allegations Dismissed: Defense!
Clarity in plan documents regarding the use of forfeitures has proven to be a solid defense for plan sponsors, as lawsuits alleging that it is a misuse to pay future employer contributions from forfeitures…
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Access Vs Participation?
In the 20 years between 2003 and 2023, what significant progress has been made related to employer sponsored retirement plans? Some thought leaders point out that the answer can best be found through solid…
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Red Flags: Financial Distress?
No one wants to enter into a business contract with a project owner that is in bad financial shape. Sometimes, the red flags are obvious: like a media headline or industry report. More typically,…
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Required for Success: Cash!
No one knows better than a construction company owner that success in this tough industry requires a regular cash flow. Of course, keeping a steady stream of cash can be far easier said than…
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Inheritance Succession Explained
Who gets what? In a nutshell, inheritance succession refers to the details in state laws that specify the order in which assets are distributed to relations when someone dies intestate–aka without a will. Typically,…
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Estate Planning: Fiduciaries?
Among the many reasons why it is critical to create an estate plan, anchored by a will and or trust, is the designation of one or more fiduciaries who understand and are committed to…
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ERISA and Fiduciary Liabilities?
The Employee Retirement Income Security Act opened the doors for employers to offer 401k plans to employees. ERISA’s robust standards, aimed at ensuring all plan decisions are made in the best interest of participants,…
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