By Stephen J Butler

ISBN-10: 1576750639

ISBN-13: 9781576750636

The writer, cofounder of a third-party pension management enterprise and public speaker, discusses how 401(k) plans paintings, the right way to examine the standard of a plan, and the way to revamp it to be larger. Of most likely curiosity to corporation decision-makers and lively 401(k) plan members.

Show description

Read or Download 401(k) today: designing, maintaining & maximizing your company's plan PDF

Best kindle ebooks books

Download PDF by Jennie Hall: Buried Cities, Volume 1 - Pompeii

This booklet used to be switched over from its actual variation to the electronic structure by way of a neighborhood of volunteers. you'll locate it at no cost on the net. buy of the Kindle variation comprises instant supply.

Steve Wright's PCI DSS: A practical guide to implementing and maintaining PDF

The fee Card info safety commonplace (PCI DSS) needs to be met through all businesses (merchants and repair prone) that transmit, procedure or shop money card info. it's a contractual legal responsibility utilized and enforced - by way of fines or different regulations - at once through the cost prone themselves.

Download e-book for iPad: Putt's Law & the Successful Technocrat: How to Win in the by Archibald Putt

"Technology is ruled by means of kinds of humans: those that comprehend what they don't deal with, and people who deal with what they don't comprehend. " —Putt's legislations Early compliment for Putt's legislations and the profitable Technocrat: "This is administration writing how it needs to be. imagine Dilbert, yet with a really vast mind.

Download PDF by Indra Gunawan: Fundamentals of reliability engineering : applications in

This publication provides basics of reliability engineering with its functions in comparing reliability of multistage interconnection networks. within the first a part of the e-book, it introduces the concept that of reliability engineering, components of likelihood thought, likelihood distributions, availability and knowledge research.

Additional info for 401(k) today: designing, maintaining & maximizing your company's plan

Example text

2. The debate about daily versus quarterly valuation of 401(k) plan assets continues, but competitive pressures are allowing plan sponsors to negotiate lower administration costs and make daily valuation a more affordable option. 3. There is a greater public awareness of costs to 401(k) participants and plan sponsors, and there are techniques and methodologies to accurately compare costs between different 401(k) vendors. This book discusses how 401(k) plans work and how to assess the quality of your plan and redesign it to be better.

401(k) Plans Must Pass Certain Tests In order to qualify for their favorable tax treatment of contributions and investment earnings, 401(k) plans must not discriminate against rank-and-file workers in favor of company owners, senior managers, or other highly compensated employees. If a plan does discriminate, it can be disqualified and lose its favorable tax status, as well as incur substantial penalties. To avoid disqualification, plans must pass certain discrimination tests. These tests will be covered in depth in Part Three, but let me give you some of the basics here.

By the end of year 20, the savings in the plan total $88,353. Now to calculate what a person would have saved in a regular savings plan, assume: 1. An employee saves $150 per month for 20 years. 2. The employee pays combined federal and state taxes at a rate of 34%. 3. The savings earn an annual rate of 8%. Using after-tax dollars in a regular savings plan, the employee accumulates only $42,034. This compares to $88,353 using the 401(k) plan. 2 shows that these differences grow progressively larger during longer periods of time, and during a 30-year period, they become astounding.

Download PDF sample

401(k) today: designing, maintaining & maximizing your company's plan by Stephen J Butler


by Robert
4.2

Rated 4.67 of 5 – based on 23 votes