Retirement Plans

The state of New Jersey maintains specific rules regarding employee termination. Some of the state's rules vary based upon potential employee contracts or guidebooks, but rules against discrimination…

Legal facts about terminating employees answer how, when and why employees can be terminated based on the circumstances and nature of their employment. Employers who are aware of the legal facts…

Generally, private employers can terminate their employees for no reason and without prior notice. Under the common law employment-at-will doctrine, unless they are bound by an employment agreement or…

Licensed consultants are also called certified financial consultants, financial planners and financial advisors. They often work either as independent consultants on their own or with financial firms…

Pension plans are a source of contention between employers and employee unions. When the economy is strong, both employers and union representatives might find themselves negotiating contracts with…

Internal Revenue Service Code 403b describes a tax-sheltered annuity. Available to cooperative and nonprofit hospital service employees, public education and self-employed ministers, these employee…

A Savings Incentive Match Plan for Employees (SIMPLE) IRA earns its acronym for a reason: It's designed to be easy. Unlike larger plans, such as a 401k, the SIMPLE IRA has no special IRS filings and…

The Savings Incentive Match Plan for Employees (SIMPLE) IRA is a retirement plan option for small businesses that can commit to an annual contribution and for self-employed persons who want to put…

Unless your employees are in a union or are employed under a collective bargaining agreement, they are "at-will" employees. At-will employment means that employers may fire employees with or without…

An employer-sponsored retirement plan is one of the benefits employees appreciate and potential job candidates would like. A retirement plan is an effective hiring tool. The Simple IRA was purposely…

As the large baby boomer generation continues to retire, there is a big business in retirement communities. These planned communities are located all over the United States, as well as in many…

Non-qualified retirement plans are a very common type of retirement plan offered by many businesses in the United States. Businesses want a way to attract an employee with extra benefits and keep that…

Many churches must eventually make a decision on how to prepare for their pastor's retirement years. At some point, the pastor may not be able to work on a full-time basis, but will still need…

In 2011, one of the major factors driving the debate between states and their employee unions was the expense of union retirement plans. Union pensions for public and private employees tend to be…

Members of the United States Congress participate in a pension system that is designed to provide for the safe retirement of its membership. Created after World War II in 1946, the congressional…

Retirement plan savings are one of the key ways for business owners to reduce taxes as their earnings grow. There are two types of plans: defined contribution, where the contribution is determined in…

There are many different employee retirement plan options available to employers. They range from Simple IRAs to 401(k)s and each employer should choose the plan that corresponds with the size and…

If you are a business owner, setting up a retirement plan can provide you with a way to compete with other businesses when trying to attract top talent. Besides this advantage, it also provides you…

Many employers offer retirement plans for full-time employees. The employer matches a percentage of what the employee deposits into the account, which then pays a fixed amount when his retirement…

Being self-employed can be very liberating, both personally and financially. When you are self-employed, you are solely responsible for your income and your financial future. You are also responsible…

Probation officers in Illinois monitor offenders who are released from state and Federal prison. They possess a bachelors degree in criminal justice or related field and meet strict standards of…

For small business owners, choosing the right type of retirement plan can play a vital role in attracting and retaining the best talent. There are several different types of retirement plan options…

Phased retirement plans are beneficial to both older workers and to companies trying to retain their most skilled workers and reduce costs at the same time. In a phased retirement plan, workers…

For a financial sales professional, finding opportunities to create residual investments and, thus, residual commission income provides long-term career growth and income sources. Selling retirement…

A retirement plan is the arrangement in which an employee will receive a pension after leaving employment. The pension, which is supposed to ensure the employee has financial security in old age when…

Many small business startups do not have the need for extensive venture capital, may not have credit worthy for a small business loan and may not have the networking time or resources to obtain angel…

Retirement plans are typically offered by employers to help employees save for their financial future. The federal Employee Retirement Income Security Act (ERISA) governs private plans and ensures…

Retirement plans are benefit options a company can offer employees to retain top talent. Companies will typically have ethical obligations to meet the predetermined guidelines for retirement plans.

Becoming a financial planner requires a tremendous amount of work and dedication. Financial planners or financial advisors help individuals or families plan for retirement by recommending appropriate…

Employee retention is the process companies go through to ensure they have sufficient levels of employees to complete tasks and activities. Retention often relies on different strategies, one of which…

No matter what the size of your business, you need to give some thought to what happens when you are no longer able to work. Setting up a retirement plan for your small business is essential to the…

The U.S. Department of Labor and Internal Revenue Service set requirements that govern qualified retirement plans. If the plan favors higher-paid employees (key employees), the IRS considers the plan…

403(b) plan refers to a type of tax-deferred retirement savings plan available to certain employees of public schools, employees of 501(c)(3) tax-exempt organizations or ministers. 403(b) plans can…

If you own a small business, a savings incentive match plan for employees' (SIMPLE) individual retirement accounts (IRAs) might help you establish a retirement plan for your workers. SIMPLE IRAs…

Retirement plans are specific benefit plans offered by companies to their employees. With these plans, employees who work for a certain number of years for the company can eventually qualify for…

When employer-sponsored retirement plans were first created, only corporations could establish them. The law was changed years ago to allow LLCs--limited liability companies---to do the same thing.…

Employer-sponsored retirement plans, such as 401(k)s and profit-sharing programs, are quality additions to employee benefits packages. They can help boost retirement savings, thus enhancing retirees'…

The W-2 is an Internal Revenue Service form that lists the wages each employee received for the previous year. The form will also indicate how much money was withheld for federal and state taxes, in…

Retirement plan audit requirements are federal Labor Department rules and professional audit standards that help ensure that a plan sponsor's operations, controls and procedures comply with…

The Internal Revenue Service imposes a 10 percent penalty on early distributions from a qualified retirement plan. Early distribution, according to the IRS, is defined as a withdrawal of funds from a…

There are several popular methods for saving income for retirement. Two of them are 401(k) plans and variable annuity plans. In many cases, these two retirement plans share similarities. They use many…

The law does not require employers to withhold voluntary deductions from their employees' paychecks. Voluntary deductions are dependent on whether the employee chooses to have the payroll deduction.…

Audits provide companies with an external review of their accounting procedures regarding certain aspects of their financial information. Not only do audits ensure that companies are following proper…

A pension or retirement plan is the key to a bright future and carefree lifestyle upon permanently exiting the work force. Monitoring their growth, ensuring they are properly funded and are performing…

There are many ways to save for retirement. More investors are looking for ways to increase the amount of money they can save because they do not want to have to rely on Social Security. While many…

The expense of setting up a retirement plan in your company as well as the cost to administer it and to comply with federal regulations is more than a small business can bear. That is why a simple…