| Automatic enrollment plans may boost 401K participation |
| Monday, August 17, 2009 |
The 401(k) plan has become the qualified retirement plan of choice for employers throughout the country. Employers' costs for a 401(k) are significantly less than the cost of a traditional pension plan, while employees are still able to accumulate a sizeable nest egg without any current tax erosion. It would seem logical that virtually every employee would jump at the chance to participate in a 401(k). Surprisingly, national enrollment has remained lower than expected. Employees may be hurting themselves by passing up the opportunity for tax-advantaged savings. Click through to discover the benefits of instituting an automatic enrollment plan. |
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| Employee reviews hold opportunities that shouldn't be missed |
| Wednesday, June 11, 2008 |
| Annual employee reviews sometimes get a bad rap. They can be time-consuming, distracting, and may require supervisors to confront problems they would rather avoid. The fact is, many business owners and managers dislike the process so much that they procrastinate rather than perform regular reviews. But you shouldn't overlook the opportunities that come with providing feedback to employees. The higher up on the chain of command an employee is, the more critical it is that you give them regular, objective evaluations. Your company's profits may depend on it. If handled properly, annual reviews can provide opportunities for both sides. Click through for seven steps to consider in the process.
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| Are you maximizing your 401(K) Plan potential? |
| Wednesday, June 11, 2008 |
The 401(k) plan has become the most widely-used retirement plan among employers throughout the country. The main reason: employers' costs for a 401(k) are significantly less than the cost of a traditional pension plan, while employees are still able to accumulate a sizeable nest egg without any current tax erosion. For companies of any size looking to adopt a new qualified plan or to supplement an existing one, the 401(k) is a viable alternative. In addition, if you already have a 401(k) plan, you may want to modify it in light of recent tax law developments. Under the Pension Protection Act of 2006, various enhancements to a company's 401(k) may be available, including ways to encourage higher participation among your employees. Click through for details.
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