A charge on an entity's employee wages, tips, and salaries that is withheld from their pay by the organization's employer is a "payroll tax". Such a tax is collected by the employer, and thus it's deposited by them to the federal government....
The HCTC is a federally funded program designed to assist people certified as displaced workers by the U.S. Department of Labor and those receiving benefits through the Pension Benefit Guaranty Corporation (PBGC) over age 55. The HCTC covers a significant portion of participants' health ins...
Unreasonable denial of a valid claim: When an insurance company denies a claim that is covered by the policy without a valid reason or justification, it is acting in bad faith. This could occur when the insurer unjustly interprets policy language to avoid paying a claim or intentionally misrepr...
Receiving a lump sum payment is not necessarily risky. However, if you receive it as physical cash, security may be an issue. It may also be risky to deposit the lump sum in one investment option (such as a singlestock), rather thandiversifyingyour investment.Diversificationreduces risk. Why...
Unclaimed property is property that has gone unclaimed beyond adormancy period. The dormancy period is an amount of time after a financial institution reports an account or asset as inactive up to when the government deems that it has been abandoned. For most states, the dormancy period is thre...
If the plan is underfunded, check to see if the PBGC covers the amount you expect to receive in retirement. READ: 9 Jobs That Still Offer Traditional Pensions Monthly Check or Lump Sum Payment To decide which type of payment is a better option, you need to evaluate your personal ...
A stockholder can be any person, institution, or organization that owns an inventory of a company's stocks. By holding part of a company's stocks, one is regarded to have equity which is partial ownership of a company. Since the stock of...
Form 5500 is a mandatory annual filing that plan administrators must submit to theU.S. Department of Labor. This form serves as a comprehensive report on the financial condition, investments, and operations of the pension plan. Larger plans are also subject to an additional requirement of an an...