A key employee is an employee with major ownership and/or decision-making role in the business. Key employees are usually highly compensated either monetarily or with benefits, or both. Key employees may also receive special benefits as an incentive both to join the company and to stay with t...
Every year401(k) employee contribution limits,which also apply to 403b, 457 plans, and the federal government’s Thrift Savings Plan (TSP), are released by the IRS. These figures are closely watched by millions of Americans who rely on these tax-advantaged savings for their retirement savings...