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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Fresh Perspectives: Site Evaluation
Even small operations can benefit from the perspectives an independent on-site evaluation can provide. From guidance on implementing the latest best practices to ideas for trimming costs, site evaluations can arm contractors with new…
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Action Items: SECURE 2.0
It’s time to stop pondering the massive SECURE 2.0 legislation that passed at the turn of the new year and start acting on it, say experts. Given that compliance timelines are staggered over the…
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The Door’s Wide Open: ERISA Litigation
In follow-up to last year’s decision by the Supreme Court to remand the Hughes v Northwestern case, the 7th U.S. Circuit Court of Appeals has ruled that two of three claims against the plan…
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Headaches Ahead?
At some point or another, every builder faces this dilemma: a new job seems like a good one—but it comes with a high maintenance client. Do you take the job or run in the…
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Keeping Pace With Demand
Builders continue to report hiring difficulties, causing some to hold back on bids, despite the influx of public dollars afloat. Industry experts predict that infrastructure jobs will create further challenges for construction labor, and…
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