Business directory to 401k rollover information and advice.www.business.com/finance/401k-rollover/
Retirement industry advisers and consultants.www.business.com/finance/retirement-consultants/
Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.www.business.com/finance/retirement-plans/
401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.www.business.com/finance/401k/
Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »
The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »
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Keyword: New York Factoring Companies
There are several New York factoring companies throughout the state, all of which are designed to help businesses receive quick funds in exchange for their account receivable or invoices. These invoices are sold at a discount, allowing the factoring company to make a profit when the account receivable is paid off by the invoice payer. In return, the business that initially sold the invoice receives a quick influx of cash to pay for upcoming bills.
Factoring companies differ from lenders because they are not giving a loan to a business. Instead, the purchased invoice serves as payment to the factoring company. Unfortunately, for the factor, if the invoice payer decides to renege on the debt, then they are out of the money completely.
Throughout the state of New York, there are multiple businesses that deal with factors. Often, these businesses specialize in dealing with specific types of companies whether it be manufacturing or trucking. Companies such as Rosenthal & Rosenthal and OCF cater to the needs of specific New York industries.
The main advantage for factoring companies is the instant profit they receive from taking on another businesses invoice. For more information on New York factoring companies, be sure to check out the links on Business.com.