Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

internet library
Atlants.lv library
FAQ
2,49 € Add to cart
Add to Wish List
Want cheaper?
ID number:413918
 
Evaluation:
Published: 03.08.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

A 401(k) plan permits employees to choose to defer a portion of their wages on a pretax basis. The plan must be part of a qualified profit-sharing plan, a stock bonus plan, a pre-ERISA money purchase pension plan, or a rural cooperative plan. The ability of the employer to "match contributions" has generated interest in the plan at all employee levels. This is important because 401(k) plans include strict tests that require lower paid employees to defer compensation under the plan, in proportion to highly paid employees. (401k.com, 2003)
The major benefit to employees is that they are not taxed currently on the portion of compensation that is placed in the plan. An employee has the option of choosing between cash or future benefits on a year-to-year basis. This protects an employee when faced with unexpected immediate financial needs. (401k.com, 2003)
Article Analysis
In the beginning, the 401(k) plan looked appealing to most employees. …

Work pack:
GREAT DEAL buying in a pack your savings −3,98 €
Work pack Nr. 1271806
Load more similar papers

Atlants

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Draugiem.pase
Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from Atlants.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register