Are the nondiscrimination safe harbors for 401(k) plans worth the trouble?

Article Abstract:

Passage of the 1996 Small Business Job Protection Act created substantial changes to the corporate environment. The legislation compelled firms to introduce safe harbors for the completion of nondiscrimination requirements of the pre-tax provisions embodied in the 401(k) plan. Although the law is intended to simplify 401(k) administration, failure of firms to adapt with drastic structural changes may prove disastrous. To exploit the use of these harbors, plan sponsors must be able to determine the right timing and content of existing disclosure policies.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Labor Regulation & Services, Evaluation, Laws, regulations and rules, Labor policy, Salary reduction savings plans, 401K plans, Manpower policy, United States. Internal Revenue Service

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Rewards for team contributions to quality

Article Abstract:

An analysis is made of corporate rewards systems that businesses use in rewarding teams contributing to the company's Total Quality Management programs. Survey showed that one team reward system limited the rewards to a monetary form in a small amount. This small amount ensured that teams regularly participated in the program since the small monetary rewards is given per recognized contribution of the team. The company communicated the reward system throughout the teams in the organization and excluded no teams from the quality effort.

Methods, Industrial efficiency, Economic efficiency, Total quality management, Quality circles

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