The newly-updated MCAA Industry Improvement Fund Operations Guide provides mechanical contractors, association leaders, and fund administrators with practical, legally grounded advice for organizing, administering, and maximizing the impact of Industry Improvement Funds (IIFs) so they can approach fund management with clarity and confidence.
Content covers:
- Legal history and compliance
- Organizational structure options
- Collective bargaining agreement provisions
- Financial administration
- Tax exemption requirements
- Accounting and audits
- Trustee and administrator responsibilities
- Insurance
- Communications
- Antitrust laws
- Government reporting obligations
- Program development areas such as education, industry promotion, research, safety, government relations, and community outreach
The Guide also provides model documents and answers to frequently asked questions.
An in-depth walkthrough of the latest features and updates is scheduled for the 2025 Industry Funds Conference. The session will help MCAA members seamlessly incorporate this resource into their operations.
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