Offering a 401(k) retirement plan for your practice to participate in is a great benefit. Getting your employees to appreciate and take advantage of this benefit is often a challenge. However, a retirement plan with engaged, informed and participating employees is a successful retirement plan.
Employee Benefits Articles
The financial crisis of 2008 has had wide ranging and long term implications for many Americans especially architects who have faced severe hardship—with the closing or downsizing of many firms—leaving architects and their staff jobless for months or even years, according to a 2012 issue of Architectural Record. More recently, there have been improvements in […]
The AIA Trust recently published an article about how recent legislation affects health insurance coverage options for your small firm (if you didn’t see it, click here for the article). Understanding that every firm is different, the Trustees thought it would be helpful to ask our expert to field questions from you, the AIA members […]
“The way to get started is to stop talking and start doing.” – Walt Disney The time for planning for your future is now. But in today’s fast paced, hectic world many people put off important decisions until another day. The excuses—”I don’t have time to plan,” “I can’t afford to invest,” and “I really […]
While the young may espouse the traditional mantra “I’m young and healthy, nothing will happen to me,” recent studies indicate that couldn’t be further from the truth. Statistics show that young adults are not as invincible as they may think. Here are some important considerations: Despite that on average, young adults are relatively healthy, there is […]
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 […]
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.