Finally, a “go-to” resource for Payroll Auditing.

bookPayroll Auditing: A Guide for Multi-Employer Plans
By Lawrence R. Beebe and Philip Vivirito

Payroll auditing guidance is lacking for professionals working with employee benefit plans who are responsible for and who perform payroll audits. Best practices in payroll auditing, procedures and methodologies of performing an audit have not been given enough focus. This book helps trustees fulfill their fiduciary duties by understanding payroll audits.

This book is published by the International Foundation of Employee Benefit Plans and is available at its [online bookstore].

Market Recovery Programs
Monday, 14 February 2011 10:50

Written by Ron Chandler
Miller, Kaplan, Arase & Co., LLP
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Since the work slow down over the last few years in the construction industry,  the building trades crafts have tried various programs to keep their workers busy and maintain or improve market share.  One program, of which there are many different variations on a theme, is the “Market Recovery Program,” for which there are special agreements.

Recently we have found several of these Market Recovery Agreements.  These agreements usually have reduced contribution rates for different types of work in specific areas or special probationary periods for contributions.  These contracts can be vague and very confusing, which can make our work much more difficult.  Be aware that these agreements are frequently being used and don’t hesitate to contact the Local Union or in some cases the Trust Funds for the actual application of these agreements.