Revisiting Changes to 401(k) Hardship Withdrawals
Retirement plans were in the news a lot during 2020, but one thing that may have been missed or overlooked are the changes made to hardship withdrawal rules. The following changes were made as of January 1, 2020, with some being mandatory and some being optional. We’ve outlined the most
FMI Engineering and Construction Second Quarter 2020 Report
A Vastly Different Landscape – and How to Navigate It Times have certainly changed since FMI distributed their First Quarter 2020 outlook, and the Second Quarter outlook shines the light on a vastly different landscape. Items of disruption that have emerged include: COVID-19 Volatility in financial and equity markets Federal
Envisioning a Reimagined Future: The Post COVID-19 Recovery Outlook
How will the construction industry recover in a post-pandemic world? On May 19, 2020, FMI Principal and Managing Director of Research & Analytics Jay Bowman at FMI, presented a webinar on the topic, providing key insights for construction leaders. We’ve summarized them here. Changes Aren’t Permanent, but Change Itself
Default Electronic Disclosure by Employee Benefit Plans Under ERISA
On May 21, 2020, The U.S. Department of Labor (DOL) adopted a new, additional safe harbor for plan administrators to use electronic media, as a default, to furnish covered documents to participants and beneficiaries. Plan administrators will no longer have to send potentially large volumes of paper documents through the
FMI on the Path to Transformation at the Top of the Cycle
In February of 2020, before the coronavirus (COVID-19) pandemic began to affect daily life in the United States, Barnes Dennig, Frost Brown Todd, North Side Bank & Trust and USI Insurance was fortunate to host Jay Bowman, Principal at FMI, to discuss what contractors can do to
Prepare Your Construction Business for an Economic Slowdown
The upcoming winter season may not be the only reason you’re seeing a decline in new construction projects. Economists are predicting a nation-wide economic downturn in the new year. Just last month, Federal Reserve Chairman Jerome Powell announced the Fed was dropping U.S. borrowing rates by another quarter of a