Could a captive insurance company suit you?

A captive insurance company is an insurer established to provide coverage to the company or companies that own and control it. Contractors looking for an ambitious way to control insurance costs and customize coverage should explore the concept. This article explains the workings and benefits of captive insurance while noting its risks. A sidebar looks… Read more »

10 Common Retirement Plan Mistakes

Managing your organizations retirement plan can be complicated. For most employees, their retirement funds are their biggest asset. One that they will rely on exclusively once they stop working. Our team of Employee Benefit Plan experts work with organizations of all sizes and unique situations. In fact, we audit over 60 different plans. Thanks to… Read more »

Facebook Passwords

On Thursday, Brian Krebs posted another riveting story about the largest social media company in the world. This company owns two of the three largest social media networks. You’ve guessed it, Facebook is in the news again. The company has had serious privacy issues over the past 13 years, internal and external. Internal • 2006: Unveiled the “News… Read more »

The Risks of Delaying Technology Upgrades

I think it’s exciting to dream of the technology to come and how it could make our lives easier. I will admit, after listening to Life 3.0 by Max Tegmark, the ethical decisions we will need to make with Artificial Intelligence as a society over the next 10-50 years is a bit daunting. We can save that… Read more »

Warning! 4 signs your nonprofit is in financial danger

Signs of financial distress in a not-for-profit can be subtle. But board members have a responsibility to recognize them and do everything in their power to avert potential disaster. Pay particular attention to: 1. Budget bellwethers. Confirm that proposed budgets are in line with strategies already developed and approved. Once your board has signed off on… Read more »

Mixed reality: The next BIM thing in construction tech?

Building information modeling (BIM) is one of the most important technological developments in construction history. But BIM doesn’t sit still; it keeps evolving. This article looks at the next BIM thing — mixed reality, which combines virtual reality with the real-world construction site. Building information modeling (BIM) is one of the most important technological developments… Read more »

Emerging Technology for 2019

Greetings, deTECH readers. First off, we ask for your understanding on the dearth of newsletter publications over the last quarter. As you can imagine, holidays and servicing clients have a tendency to appropriate our article-writing time. It is a terrific problem to have.   At the beginning of each year we like to dream a… Read more »

Manufacturers Optimistic Despite Challenges

“Manufacturers Optimistic Despite Challenges – Companies Expect Revenue Growth in 2019 with a Focus on Improving Profitability and Growing Sales .” – According to Leading Edge Alliance National Manufacturing Outlook Survey For the third year, YHB and LEA have released the results of the 2019 Leading Edge Alliance (LEA) National Manufacturing Outlook Survey. More than… Read more »

Changes to Hardship Withdraws

If circumstances, such as immediate and heavy medical expenses, required you to make a hardship withdrawal from your 401(k) you may need to be aware of changes over the past year. Thanks to the Budget Act of 2018, several changes are going into effect for the 2019 Plan Year in regards to hardship withdrawals: No… Read more »

Three Questions to Ask Your Auditor Before Your First Benefit Plan Audit

Is your first benefit plan audit in the near future? If so, you’ll need to be prepared. Any business with employee benefit plans covered by ERISA will be subject to complex regulations and possibly an annual audit, once they have 100 eligible employees. Plan sponsors have a fiduciary responsibility to properly manage their plans. Before… Read more »