How defined contribution plans affect premiums for employers, employees
Increasing health insurance premiums have been keeping employers up at night knowing they could be facing renewal increases of 25 to 30 percent. Health insurance helps with attracting and retaining talent. But employers could be over-insuring employees by providing benefits that don’t get used, unnecessarily elevating their costs and increasing expenses paid by employees. There […]
Software add-ons give cloud-based phone systems added benefits
Voice Over Internet Protocol (VoIP) systems can simplify a company’s communications in a number of ways. Upgrading phones from a traditional system to VoIP can streamline call routing and increase efficiency, but it can also benefit customer service. “When you’re looking at the customer service experience and using your phone system to help you with […]
How optimal wealth and optimal health go hand in hand
There are two major problems that everybody faces — health problems and financial problems — and the two are often closely connected. Studies have found that when you build discipline in an area like exercising regularly it tends to carry over into other areas, such as saving habitually. It also costs more to be sick […]
Building Stronger Communities: The Burton D. Morgan Foundation
The Burton D. Morgan Foundation paves the way for a rejuvenated entrepreneurial culture in Northeast Ohio.
How to meet ADA accessibility requirements and avoid lawsuits
Meeting Americans with Disabilities Act requirements when your business opened is no guarantee you’re protected from future lawsuits and resulting penalties under California’s Unruh Civil Rights Act. The Unruh Act allows plaintiffs to collect penalties when they file complaints against businesses with accessibility violations. “There are lawyers whose sole practice is dedicated to bringing these […]
Examining financing for Northeast Ohio’s commercial real estate market
In the modern world of investment real estate lending, banks have to be more than just a place where investors and developers come for money — and this is especially true as more lending players enter the Northeast Ohio market. The banker works with a developer, taking time to understand their world in order to […]
Why employers today need a fiduciary liability policy for protection
A fiduciary liability policy protects the personal assets of a plan due to allegations of breach of fiduciary duties. Specifically, it protects plan sponsors and trustees from defense cost and penalties if they are sued for decisions they make for an employee benefit plan. “They may be sued by an individual who was a participant […]
How to settle disputes when business partners get ‘divorced’
Business partnerships are often compared to marriages and business “divorces” can get nasty if details haven’t been worked out in advance. Just as couples have prenuptial agreements to protect interests in the event of a separation, business partners can create documents that serve the same purpose. “If no plan has been put in place, it […]
How consumer beliefs on climate change pressure businesses to act
Americans want more stringent policies to reduce carbon emissions, but they don’t want to take any actions themselves. Instead, they’re pressuring private businesses to take action, particularly with a carbon emissions reduction policy. “A record number of shareholder resolutions have been issued to companies requiring them to disclose their environmental risk and performance,” says Nicholas […]
How CEOs can overcome challenges, achieve balance
You only know what you know — you don’t know what you don’t know. Today these words are more relevant than ever with global markets, uncertainty and volatility, rapid change, market disruption and a changing workforce. Leaders need to find ways to not just survive but to thrive in this new normal. The most effective […]