Bank of America Merrill Lynch Offers Industry-Leading Retirement & Benefit Plan Solutions. Find Out How Our Vast Resources, Personalized Advice & Thought Leadership Can Help Your Employees Achieve Financial Wellness Today.
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/
In today’s world, many companies offer employee profit sharing plans to entice prospective employees to join their team, or to give existing employees the incentive to raise their productivity. There are many different types of profit sharing plans available, so how do you know which one is the best for you company? There are a few key words and catch phrases that you should know before starting your research and look into sample profit sharing plans. Read More »
The Employee Retirement Income Security Act (ERISA) of 1974 established profit sharing plans laws and regulations to protect the assets of working Americans. Federal laws on pension and profit sharing plans preempt many state guidelines. Read More »
Profit sharing plans are becoming more popular. If you are searching for more information, Business.com can guide you. These types of plans are useful features that many employees and companies have implanted. There are many different plans that fall into this category. Some profit plans involve sharing the profit of a sale with employees as an incentive program. Some are retirement plans while others are employer created funds. They can be motivating features that can enhance the workplace.
Profit sharing plans have been instituted successfully in many businesses. Some companies prefer to use them as an incentive. If an employee makes a certain number of sales, then he or she gets a percentage of the sales. These types of plans are an easy way to boost performance and competition. On the other hand, retirement profit plans can provide security for employees in their old age. Some companies use both types while others use only one type. Before choosing one or both of these options, you may want to think about how they can contribute to your business and help employees. Business.com encourages you to visit the links on the left to learn more about these plans.