Posts Tagged ‘Economy’
by Stacey Spencer, QKA | Manager, Employee Benefit Services
In this tough economy, many employers are looking for ways to decrease expenses. One option is to pay certain retirement plan expenses from the plan assets. Fees related to the administration of the plan can generally be paid from plan assets if 1) they are prudent and reasonable, 2) permitted under the plan document and 3) the expense policy is clearly communicated to employees through the Summary Plan Description.
Periodically we will be doing a survey on issues that our clients and friends of the firm are keen to have more data on with respect to what other organizations are doing. This month’s survey deals with wage freezes, restoration of benefits, and average wage increases. Please complete the survey by clicking the following link.
Our goal is to turn the poll results around quickly and share them with you in two weeks. Please let us know if there are other hot topics you would like to have us survey.
by Tim Ayler, CPA | Partner, Director of the Construction Services Group
No matter what your upbringing, there is a good chance you have heard the story of Noah and the ark. While the events happened a long time ago, it is relevant in today’s construction economy. How? Because Noah believed it was going to rain and instead of just watching it rain, or just measuring the rain, he did something about it and built an ark. If you believe there may be difficult times ahead, do not sit by and watch the changes impact you, get involved and do something about it.