Group Variable Annuity Contract sounds like a complex term, but the reality is much simpler and certainly not something to avoid when a business is considering a 401(k) plan provider. There are a number of misconceptions attached to this term and annuities in general. One misconception is that merely because a plan is held in […]
Employee Benefits Articles
In December 2007, the sky seemingly fell on 39-year-old architect Robert Woo near ground zero while he sat in his trailer office working as associate architect on the Goldman Sachs office tower project. A crane cable snapped, dropping 7 tons of steel from a 25-floor elevation onto Woo’s trailer. Lucky to be alive at all, […]
We have all heard how valuable it is to start planning for retirement early. When it comes to providing employee benefits, architectural firms sometimes view a retirement plan as a second-tier benefit to be added as the firm grows. Some may also have the misconception that they don’t have enough employees to start a plan or […]
Offering a 401(k) retirement plan for employees is a great benefit; however, getting employees to appreciate and take advantage of this benefit is often a challenge. A retirement plan with engaged, informed, and participating employees is a successful retirement plan. So, how does that happen?
Many professional service firms seem to think that health and safety rules are requirements for contractors and others performing construction work. Firms often are surprised or confused when a potential client requires that they submit their health and safety plans as a contractual requirement.
The National Safety Council now estimates that cell phone use increases auto accident risk by a factor of four. Many, if not most, company policies on the use of cell phones for enacting company business while driving ban the use of hand-held devices but make an exception for hands-free cell phone usage. This often is […]
The proliferation of social media has transformed the way people communicate with each other. Platforms like Facebook, LinkedIn, Twitter and Google+ allow people to post whatever strikes their fancy, sharing information with their network and by extension the whole world instantaneously. Design firms are increasingly using social media platforms as part of their business practices: […]
In the wake of the nation’s current economic challenges, more employees are reevaluating their benefits and are looking to their employers to help them with their financial security. It may be surprising that in that same survey, 65 percent of employees say other insurance benefits (life, dental, disability, vision, etc.) are important factors to keeping […]
How long would your business survive if you were temporarily disabled? Or what if an employee suffers a disabling accident or illness? The financial consequences can be quite serious. According to the Council for Disabilities website, the risk of disability during the working years is ever-present; almost one-third of Americans entering the work force today […]
Disabilities happen every day. According to the Disability Status Report published in 2010 by Cornell University, 40.4% of Americans between the age of 21 and 64 with a disability are unemployed. While these are not things we like to hear and talk about, these are numbers we cannot and should not ignore. Many people believe […]