Spiral Effect: Pre-Apprenticeships?
As efforts to solve the labor shortage in construction progress, business leaders around the country have increased opportunities to get involved in regional programs. For example, the International Union of Painters and Allied Trades (IUPAT)…
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Good To Know: Plan Terms
The terms associated with employer sponsored retirement plans can be confusing, causing fuzzy understandings to be passed around in the course of overseeing the plan. Be careful, though: the Employee Benefits Security Administration (EBSA) reminds…
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401k Committee Member Vs Bump On The Log?
There’s no such thing as merely sitting in on meetings when it comes to the high standards of ERISA. Each member of a retirement plan committee can be held personally responsible–financially–for errors and oversights. Here…
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New Year, New You?
Most construction business owners start their companies with a passion for building, and probably bring a particular area of expertise too. Makes total sense. Here’s the hitch though: successfully growing the business usually requires hiring…
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Water Damage?
Won a new project? Great—but, are you clear on the foreseeable risks? In particular, water damage claims have been on the rise, making water damage prevention strategies a must for all construction business owners, not…
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Hiring, Training and Retaining: Women
Though record high numbers of women have been taking on construction jobs, they are still generally underrepresented in the field. As data continues to highlight painful shortages of skilled laborers, the imperative for diversification remains…
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Understanding Trustee Responsibilities
When setting up a trust as part of an estate plan, do not underestimate the responsibilities that will fall to the trustee designated to administer the trust. Serving as a trustee is not an honorary…
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Is a Life Estate A Good Idea?
A life estate is an estate planning tactic that allows real estate to bypass the public process of probate. Essentially, the real estate is gifted directly to a “remainderman” after the “life tenant” dies. Life…
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The 401k and Health Savings Plans?
Healthcare is top of mind for many workers, so it’s not surprising that the closer employees get to retirement, the more worried they are about the costs of healthcare. That’s why it can make great sense…
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