The article offers ethical and legal advice from experts for small business owner who fails to contribute to employees' retirement plans after some promises. Attorney Mary Ellen Signorille states that employee can sue their employers once the pension match is in writing in employer's plan and ...
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If you’re like most business owners, you always think two steps ahead. Investing in an employer-sponsored retirement plan is a great way to think ahead for your business and your employees.
A PEP is a type of retirement vehicle that is maintained as a single plan while allowing multiple unrelated employers to participate, achieving economies of scale typically only attained by larger plans. It operates similar to traditional 401(k) retirement programs but with the majority of administr...
Small-business owners may have a harder time creating and running retirement savings plans on their own. Yet they’re certainly free to consult myriad financial service providers about setting up retirement investment schemes for their company and its employees. Workers heading toward their final worki...
The proposed rule would allow small businesses to band together to offer 401(k) plans to their workers. The plans would be offered by associations of employers based on geographic location or by industry. While small employers are now able to collaborate to provide retirement plans in cert...
2.company,business,firm,organization,establishment,outfit(informal)Shorts is Ulster's biggest private-sector employer Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002
Providing compensation and benefits: Employers are obligated to provide wages or salaries to their employees, as well as benefits such as health insurance, paid time off, and retirement plans. Creating a safe and productive work environment: Employers are required to maintain a safe and healthy wor...
The SERS provides information that could help policymakers respond to the needs of small business owners who need to develop retirement plans. Conducted annually since 1998, the SERS helps explain the factors behind the so-called "pension gap" among small businesses. The survey looks at three key...
QSEHRA plans are also subject to oversight under theEmployee Retirement Income Security Act(ERISA). ERISA regulations require that employers give employees a summary plan description that details their plan benefits.5 Finally, should an employer decide to makegroup health insurance available, it is no...