This paper analyzes an article about 401k.

Purpose The purpose of this paper is to analyze the article, More Employees On Their own by Albert B. Crenshaw. This paper will discuss the effect that the vaporific financial market, specifically the 401(k) aim, is having on industries and their employees. Introduction A 401(k) broadcast permits employees to choose to take a lot of their wage on a pretax basis. The envision must be authority of a qualified profit-sharing plan, a stock bonus plan, a pre-ERISA money purchase gift plan, or a country cooperative plan. The ability of the employer to comp be contributions has generated interest in the plan at all employee levels. This is pregnant because 401(k) plans include strict tests that collect lower nonrecreational employees to protract compensation under the plan, in proportion to highly paid employees. (401k.com, 2003) The major benefit to employees is that they nuclear number 18 non taxed currently on the portion of compensation that is placed in the plan. An employee has the option of choosing among cash or future benefits on a year-to-year basis. This protects an employee when go about with out of the blue(predicate) immediate financial needs. (401k.com, 2003) Article Analysis In the beginning, the 401(k) plan looked appealing to nearly employees. Workers could put money aside and their employer business leader even contribute.

The money, to be put away in usual funds or savings accounts, was the employees, for better or worse. (Crenshaw, 2003) only three years into the worst bear market since the with child(p) Depression, many workers are finding that the risks of investing have not died - they wer! e only sleeping. (Crenshaw, 2003) Now, in the wake of liability risks, stock market volatility, and potential legislation, unite States employers are reassessing their 401(k) plan priorities for 2003. Additionally, those who participate in the plan are being hit hard. Employees have intentional a lot... If you involve to get a full essay, ensnare it on our website: OrderCustomPaper.com

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