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 make that the vaporific financial securities industry, specifically the 401(k) aim, is having on industries and their employees. Introduction A 401(k) think permits employees to choose to take a attribute of their yield on a pretax basis. The see must be secern of a qualified profit-sharing plan, a stock bonus plan, a pre-ERISA money purchase gift plan, or a unpolished 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 take away 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 i n 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 unforeseen 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 superpower even contribute.

The money, to be put away in common funds or savings accounts, was the employees, for better or worse. (Crenshaw, 2003) exclusively three years into the worst bear market since the bang-up Depression, many workers are finding that the risks of investing have not died - they were 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 intimate a lot... If you involve to get a full essay, collection it on our website: OrderCustomPaper.com

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