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/
IRS wage garnishment is a process of collecting debt from a person's weekly wages. Garnishment of wages works by taking a portion of a person's net income from each paycheck until the debt is paid off. More»
Wage garnishments are used to receive payment for debt, taxes or court-ordered fees. The most common wage garnishment is child support. More»
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As overwhelming debt keeps more people from meeting their financial obligations, wage garnishments are an unfortunate side effect. The best-known reasons for wage garnishment are child support and alimony, but failure to pay taxes, debts, or any type of court-ordered legal fees can also result in money being taken directly from your paycheck or bank account. This is not only a headache for the person losing wages, but for the payroll department handling the garnishment.
For companies dealing with wage garnishments, it is important to follow federal and state guidelines. Employers who do not comply with mandated garnishments may be subject to fines and penalties. Many software programs have automated wage garnishment systems. Some companies opt to hire out garnishment duties to an HR service. For employees with garnished wages, seeking professional services to lower debts may provide a solution. Whether you are paying for student loans or IRS debt, finding a way to pay your obligations can result in a higher paycheck and improved credit.
As wage garnishment becomes more common, more choices have become available for businesses and individuals dealing with the issue. Business.com is a reliable resource that can help people and companies find solutions to issues like wage garnishment. To learn more, visit the list of links to the left.