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The account will be discontinued and the employee can withdraw the funds when he wants.
No.
The attribute (or combination of attributes) that is unique for every entity instance e.g.: the account number of an account, the employee id of an employee etc.
No. The moment they start deducting PF from your account, they are bound to disclose the PF account number to the employee. It is our right to know where our money is being deposited.
Firstly i would say that its not 41k its 401(k) account with fedility. 401(k) account is a qualified account in U.S.It is used for basic goal of retirement. It is given by employer. Both employee and employer contribute in this scheme. maximum contribution by employee in this account is $16500/yr. As i told u above its a employee sponsored account hence u can find 401(k) account in pay stubs,benefit summary statement.
To record employee contributions to the provident fund: Debit Provident Fund Expense and Credit Employee Contribution Payable. To record employer contributions: Debit Provident Fund Expense and Credit Employer Contribution Payable.
Your 401k account will get rolled over to your next employee if you lose your job.
it's a liability account, it is use to record the amount of money employer owe to employee
The Sage payroll card is basically the same thing as a direct deposit account. An employer, rather than depositing an employee's paycheck in a bank account, can deposit the money into a Sage payroll card. The employee will just have to complete an authorization form to begin this service.
You use the beginning login info to start your account, and from there you can interact with the website and customize it for yourself.
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To have an account with the Mazuma Credit Union you must either live or work in Jackson, Cass, Clay or Johnson Counties, be related to a current member, be a federal employee or be a member of one of their select employee groups. There are over 200 of these groups which are listed on their website.