How to responsibly manage employee retirement plan
Article Abstract:
Employers must make sure they are in compliance with the stipulations of the Employee Retirement Income Security Act if they are not to be considered liable by their employees for the poor performance of the retirement benefit plans they offer. To avoid liability, employers should specify the principal features of their employee retirement plan. These include the plan's type, investment schedule, attendant liabilities, matching contribution restrictions and potential risk and gain factors.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1996
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Private pension plan may give best yield at retirement
Article Abstract:
A private pension plan that is funded by a tax-favored, investment-grade life insurance policy can give the retiree much more income on retirement than qualified retirement plans. This situation arises because money is contributed after-tax, and the growth of the policy is tax-deferred. Private pension plans generally have fewer restrictions, although there are three IRS rules that must be complied with to retain the tax-favored status, and there are no penalties for early withdrawal.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1996
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Stock ownership plan can yield tax benefits to practice
Article Abstract:
The ways in which employee stock ownership plan would benefit the physicians is mentioned. Advice on taking advantage of faster tax write-offs allowed for business equipment and the income tax ramifications are presented.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 2003
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