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What Is a Qualified Retirement Plan?

HR Lineup

Types of Qualified Retirement Plans. There are three classes of qualified retirement plans, namely: 1. Defined benefits plan. In a defined benefit plan, an employer pays a predetermined amount at either termination of employment or retirement. Hybrid plan. Target benefit plans.

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All You Need to Know About Profit-Sharing

Vantage Circle

If that's the case, a profit-sharing plan is just right for you! According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. So before you start planning, here is all you need to know about profit-sharing. What is Profit-Sharing?

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How to Choose an Employer-Sponsored Retirement Plan

Insperity

Retiring comfortably is something every worker dreams of. Sponsoring a retirement plan can help them get there. Retirement plans come in a wide range of shapes and sizes, each with its own unique functionality. The following steps can help simplify the process of choosing and managing a plan.

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401(k) plans: New interpretive bulletin on independent auditors

Business Management Daily

Technically, 401(k) plans are profit-sharing plans, not retirement plans. But they morphed into retirement plans long ago, so they’re pretty important to employees. The other two legs are employer-based retirement savings and personal savings.

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Common Retirement Plans for Small Business Owners: A Breakdown

Insperity

An attractive retirement package can help you stay in the running for the best talent, he says. Retirement plans can be divided into two categories: defined benefit plan and defined contribution plan. A defined benefit plan is fully funded by the employer. It’s entirely employer-funded.

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Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

According to Glassdoor's 2015 Employment Confidence Survey : 60% of people report that benefits & perks are a major factor in considering whether to accept a job offer. Retirement planning services. PTO is any time off that is compensated by an employer. Profit-sharing Plans. Fringe Benefits.

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