Failure To Monitor Other Fiduciaries
Retirement plan sponsors are not only responsible for their own actions—they are obligated to monitor the other fiduciaries of the plan. Failure to monitor can result in being named personally liable in a lawsuit,…
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Making Defendants Look Dumb?
Lawsuits against 401k plan sponsors are continuing at an “unprecedented pace,” with 2022 second only to the flood 2020 brought on. Attorneys point out that despite some modest signs of courtroom optimism for plan…
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Equipment Spending?
Identifying the right equipment at the right price is always a big decision for contractors and in uncertain economic times making the right choices is even more stressful. On the otherhand, who wants to…
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Public Works: Airports
Among the public work generating action for contractors across the country is the modernization of airports—and not just the most famous ones in the biggest cities. In addition to billions of dollars from the…
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Divvying Up The Estate?
What matters most: equal or fair? Ensuring that adult children all benefit from a share of our assets requires clear thinking—and courageous communication. While it is easy and typical to say each child gets…
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Precatory Language?
Wishing. Hoping. Wanting. These words convey suggestions, but not direct orders: they are precatory, and therefore not generally useful in official estate planning documents like wills or trusts, which demand absolute clarity. Nonetheless, attorneys…
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Staying Current: RMDs
Both the original SECURE Act, passed in 2019, and SECURE 2.0 enacted at the end of 2022, brought changes to the rules for required minimum distributions (RMDs). Experts caution retirement plan sponsors to pay…
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Second Chance: Why Not?
Automatically enrolling participants in employer sponsored retirement accounts has turned out to be a great step toward ensuring more workers save up. Experts remind plan sponsors to give those who opt out a second…
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In Demand: Trade Partners
Construction of manufacturing facilities has been trending up. The $39 billion allocated by the CHIPS Act to build semiconductor manufacturing plants means the boom is likely to continue. With demand high, big builders are…
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