Automatic enrollments in 401(k) plans are not automatically an automatic decision
Article Abstract:
The Internal Revenue Service's (IRS) regulation which permits employers to let all employees take part in 401(k) plans does not stop there and then. Some of the steps that employers must consider before embarking on this automatic enrollment scheme are determining the amount of payroll deductions, selecting investment opportunities and educating employees as per plan mechanics and benefits. Moreover, the fact that the IRS mandates automatic enrollment does not necessarily mean that this procedure will be beneficial to all employers.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Directors' retirement plans: here to stay or gone for good?
Article Abstract:
Cash-based director retirement plans can be terminated amid shareholder claims that they reduce director autonomy. They can be terminated by prohibiting new plan entrants or by entirely terminating them. Under the latter alternative, companies should calculate the current value of the benefits accruing to each director and distribute the amounts in company stock, deferred stock plans, rabbi trusts or cash.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Supplemental executive retirement plans: 1996 survey report
Article Abstract:
A survey conducted by KPMG Compensation & Benefits Practice among Fortune 1000 companies revealed the increasing number of offices that offer supplemental executive retirement plans. Eighty-one percent of the respondents provided SERPS, 46 percent of which offered Top Hat. The survey further revealed that CFOs and CEOs are the most frequent beneficiaries or users of these type of plans.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Pension simplification for 401(k) plans under the Small Business Job Protection Act of 1996. Economic growth and Tax Relief Reconciliation Act of 2001
- Abstracts: Brokers learn benefits of using surveillance. Technological advances bolster client services. Ending tax games
- Abstracts: Using deferred stock options to maximize the value of an executive compensation package. Guide to executive compensation disclosure rules
- Abstracts: 1042 rollover transactions: don't forget to dot your I's and cross your t's. IRA distribution rules
- Abstracts: A fresh look at the practical aspects of redesigning human resources delivery systems. Executive compensation: do shareholders get their money's worth?