eligible to participate in her employer’s 401(k) retirement plan to which the employer matches, dollar for dollar, workers’ contributions up to 5% of salary. However, Emily wants to buy a new $25,000 car in 3 years, and she wants to have enough money to make a $10,000 down payment on the car and finance the balance. Fortunately, she expects a sizable bonus this year that she hopes will cover that down payment in 3 years. A wedding is also in her plans. Emily and her boyfriend, Paul, have set a
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company to another company by the name of Flowers Foods Inc. which is within the same industry of flower delivery. Lastly, I will share my overall assessment of financial performance and why, or why not, I would invest my money into their 401-k/or invest in the company through other investment vehicles. The production process is process costing. The costs are assigned to each unit of sales in the company, since the company don’t use
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be done, in order to achieve what is desired. Benefast Partners’ focus was on what could be done with a software platform purchased for processing small to midsized company 401 (k) plans. They then discovered that the platform was not sophisticated enough to deal with the complex calculations required by defined benefits plan. This system was purchased because the fees for use of the proprietary system proved to be impracticable. There are five sub stages in the analysis stage of the SDLC, which
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Compensation and Benefits Plan Our team has been asked to develop some compensation and benefit recommendations for our client based on their planned expansion to Arizona. The expansion in Arizona will increase the number of employees to 130. Annual revenue is expected to increase the first year to $10,300,000. Currently, there are 41 commercial construction projects in Arizona, and it is recommended the company pursue commercial retail. (Commercial Construction Projects in Arizona, 2013)
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income as we get older and have retired. “A pension plan is a financial arrangement that allows individuals to continue receiving some type of regular income even after they are no longer active in the workforce.” (1) Most of the pension options out there are used when you retire however there are certain instances where you can collect a pension before retirement due to a disability. Pension plans are also interchangeable with retirement plans they are basically the same thing. Pensions are based
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Paternalism, as defined by Richard Thaler and Cass Sunstein, is an act that attempts to influence the choices of others in such a way that those others will be better off, and that these others would agree that they are better off. A less coercive form of paternalism is known as libertarian paternalism. Libertarian paternalism is when policies are designed to influence people to make certain choices without limiting their liberty or options. The means by which people are to be influenced to make
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weekly for the hours they work that week. The deductions from pay include federal tax (ignore state tax for this exercise), Social Security (FICA), and deferred savings through a 401(k) plan. Instructions for calculating federal taxes using the percentage method and the tables are shown below. The company’s 401(k) plan matches what the employees save on a one-to-one basis for the first three percent and a half of a percent for each one percent the employee saves up to a maximum of six percent for
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benefits to part-time workers? If yes, should they offer paid time-off, the 401(k) plan and health insurance? Or only one or two of the benefits. Explain your recommendation. I believe the firm should offer benefits to part-time employees, however there are options available when creating a benefit package for these employees. First, paid time-off should be incurred based on the hours worked. Additionally, I would recommend 401(k) contributions start after a certain amount of time on the job. Finally
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retirement with the amount of bills you have to pay each month? Today, we’ll give you a hint of how to do so with one of the most effective retirement saving plans, the 401(k) plan. The 401(k) is a qualified retirement saving plan which allows the employer to place a part of the employee’s wages into a determined saving account under the plan. These contributions are deducted from the federal
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marketable or non-marketable. d. only financial and real assets that are marketable. (c, easy) 4. The retirement plans that guarantee retirees a set amount of money each month are known as: a. 401(k) plans b. self-directed plans c. defined-benefit plans d. defined-contribution plans (c, moderate) The Importance of Studying Investments 5. The investment professionals that arrange the sale
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