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What else can I help you with?
What is the best description of a defined benefits plan?
a set amount an employee will receive at retirement
Define the meaning of a deferred compensation plan?
The phrase "deferred compensation plan" is defined to mean a compensation package in which the recipient will receive the funds at at future date. Examples include pensions and retirement plans.
How much can I withdraw from my 401K at 59.5?
That all depends on your plan their plan document. The 59.5 withdraw can include many sources of money (EE only, EE and ER, etc). It's up to your company's plan document. It's best to reference the Summary Plan Description.
What is a compensation plan?
A compensation plan is a structured framework that outlines how employees are rewarded for their work and contributions to an organization. It typically includes details about salary, bonuses, benefits, and other forms of remuneration. The plan aims to attract, retain, and motivate employees while aligning their performance with the company's goals and objectives. Effective compensation plans also consider market competitiveness and internal equity among employees.
When are you able to withdraw funds without penalty from a Hartford deferred compensation plan?
You can withdraw funds from a Hartford deferred compensation plan without penalty upon reaching age 59½. Additionally, withdrawals may be allowed in the event of hardship or upon separation from service, depending on the plan's specific terms. It's important to consult the plan documents or a financial advisor for detailed eligibility requirements.
What is the definition of a total compensation plan?
salary and benifits combined
What represents employees total compensation plan?
Salary's and benefits
What represents an employee's total compensation plan?
Salary's and benefits
What does total annual compensation include?
Total annual compensation would include base salary, any commission you would have made, any bonuses you would have received, and your health benefits package, i.e. medical and dental plan value.
What is the best description of a defined benefits plan?
a set amount an employee will receive at retirement
An architect's compensation package includes the total cost of a 250 -per-month health insurance plan the total cost of a 35-per-month life insurance plan and a salary of 55000 per year . what is the?
$58,420🙂
Which description best describes the project management plan?
-The primary source of information for how the project will be managed
Why would a deferred compensation be needed?
Deferred compensation is when an employee is paid some of his wages at a later date instead of when it is owed. One would get deferred compensation when one has a pension plan or a retirement plan.
Define the meaning of a deferred compensation plan?
The phrase "deferred compensation plan" is defined to mean a compensation package in which the recipient will receive the funds at at future date. Examples include pensions and retirement plans.
Which of these is the best description of a defined contribution plan?
the money an employer puts into a retirement fund for each employee
In which job situation is a commission-only plan best suited?
When monetary compensation is/should be the prime motivator for employee performance.
Explain the Amway compensation plan?
attend an info session
