Deferred compensation plans have grown considerably in recent years. Changes in the job market have encouraged employers to look for new ways to retain talented employees by providing appealing benefits. In its simplest terms, deferred compensation is an arrangement between an employer and employee
How Profit Sharing Plans Work
Profit sharing plans can help provide financial security in retirement for employees while giving employers a motivational tool to attract new talent. Also referred to as a deferred profit sharing plan (DPSP), this plan involves giving employees a share in the profits of the company they work for.
What You Should Know About the 529 College Savings Plan
Every parent wants to see their child succeed. Providing your child with a chance at higher education can help ensure that they follow a career path they are passionate about. A 529 college savings plan is an effective way to save for your child’s future while also providing mom and dad with key
Hiring An Investment Management Consultant
If you need advice or guidance regarding your financial investments, then you need to speak with an investment management consultant. An investment management consultant provides a number of services to individuals and businesses who wish to alter or reach their financial goals. In addition to
Traditional 401k Plans vs. Non-Traditional 401k Plans
Saving for retirement is a top priority for many employees. However, while having a hefty savings account can be beneficial for retirees, it is often not enough to live comfortably. Participating in a 401k retirement plan is one of the best ways employees can prepare for retirement with help from
How to Properly Manage Profit Sharing Plans
As a business owner or employee responsible for a company’s retirement offerings, you may be familiar with profit sharing plans. Also known as deferred profit-sharing plans, these defined contribution plans provide employees with a share of a company’s profits. The employer is responsible for