Implement a profit sharing plan

Assignment Help Finance Basics

Reference no: EM13821355

Answer the following question in a questionary format, with at least 50 word count for each question. Please include at least two governmnet agencies references.

1. Discuss reasons why employers might want to implement a profit sharing plan, while employees might prefer a pension plan.

2. Discuss the rationale behind the different vesting schedules and explain why an employer might choose one vesting schedule over another

3. Discuss unique tax implications of ESOPs/stock bonus plans.

4. Discuss the legal and regulatory requirements that apply to ESOPs as compared or contrasted to those more generally relating to stock bonus plans.

5. Discuss advantages and disadvantages of savings or thrift plans, especially considering different employee age and income levels.

6. Discuss ways in which contributions from higher-income employees may be limited.

7. Discuss similarities and differences between Section 401(k) plans and other qualified profit sharing plans.

8. Discuss the rules governing distribution of elective deferrals prior to retirement, including the special "hardship" guidelines.

9. Discuss situations in which an employer might want to implement an age-weighted plan.

10. Discuss benefits and problems related to cross-tested plans in general as compared with fixed-formula age-weighted plans.

Reference no: EM13821355

Questions Cloud

Web-oriented entertainment company : R.K. Maroon (RKM) is a seed-stage, Web-oriented entertainment company with important intellectual property. RKM's founders, all technology experts in the relevant area, are anticipating a quick leap to dot-com fortune and believe that their unique..

Explain potential to transform one''s political sensibilities : believe film has the potential to transform one's political sensibilities. And if you believe that your personal sensibilities have been shaped or transformed by a particular film

Important factors that signal the likelihood of bankruptcy : Using the analyses in Parts a and b, discuss the most important factors that signal the likelihood of bankruptcy of Sun Microsystems in 2010.

Development of local area network : Which standards body is responsible for the development of local area network (LAN) standards - Which application architecture is known for having the lowest cost of infrastructure?

Implement a profit sharing plan : Discuss reasons why employers might want to implement a profit sharing plan, while employees might prefer a pension plan.

Human uses of the environment : Human Uses of the Environment

Large building construction projects : Explain why IT projects (such as Web site development or redesign) are less likely to be delivered on time and within budget than large building construction projects.

What are the basic differences from the employers viewpoint : What are the basic differences, from the employer's viewpoint, in operating in a union-free environment vs. a unionized environment?

The division major identifying the human trafficking concern : Prepare an operational plan to the division major identifying the human trafficking concern in your jurisdiction, and a proposing a means to monitor and address the concern.

User Account

All Pages