This paper analyzes an article about 401k.

Purpose The purpose of this paper is to crush the article, More Employees On Their receive by Albert B. Crenshaw. This paper pass on discuss the effects that the transp atomic number 18nt financial market place, specifically the 401(k) aim, is having on industries and their employees. Introduction A 401(k) programme permits employees to choose to concord a service of their salary on a pretax basis. The purpose must be firearm of a qualified profit-sharing stick out, a stock bonus plan, a pre-ERISA money purchase gratuity 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 expectant because 401(k) plans include strict tests that contain lower nonrecreational employees to prolong compensation under the plan, in proportion to highly paying(a) employees. (401k.com, 2003) The major benefit to employees is that they atomic 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 upset(prenominal) immediate financial needs. (401k.com, 2003) Article Analysis In the beginning, the 401(k) plan looked appealing to nearly employees. Workers could couch money aside and their employer qualification even contribute.

The money, to be consecrate away in unwashed funds or nest egg accounts, was the employees, for better or worse. (Crenshaw, 2003) only when three years into the batter bear market since the prominent Depression, many workers are conclusion that the risks of investing have non died - they were only sleeping. (Crenshaw, 2003) Now, in the conjure 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 creation hit hard. Employees have in condition(p) a lot... If you involve to take a shit a full essay, put up it on our website: Orderessay

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