When properly organized and operated, Industry Improvement Funds (IIFs) are effective, efficient, and equitable tools for strengthening market conditions, competitiveness, and labor and employment initiatives across the mechanical contracting industry nationwide. MCAA’s Industry Improvement Fund Operations Guide offers mechanical contractors, association leaders, and fund administrators practical, legally grounded guidance on organizing, administering, and maximizing the impact of IIFs—helping them manage funds with confidence and clarity. It’s just one of MCAA’s educational resources that are free to MCAA members as a benefit of membership.
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.
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