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Sears bankruptcy and their retirees' pension plan - Enquête
Sears retirees may soon lose a big part of their pensions. That's because company executives invested only minimal amounts in their employees' pension funds over much of the last decade. But those executives followed the rules, and even acted with government support, at the same time that they distributed billions of dollars to their company’s shareholders. The story of the Sears bankruptcy sheds light on the murky world of corporations and their pension funds revealing how pools of money that are thought to be fully protected, can quickly evaporate with workers potentially losing hundreds of millions of dollars. Enquête is Radio-Canada's flagship weekly current affairs program. The show uncovers corruption, crime, and abuse of power in Quebec and Canada Producer : Gil Shochat Journalists : Sylvie Fournier, Madeleine Roy Caméramen: Jean-Pierre Gandin,Richard Marion, Laurent Racine Sound: Martin R.Thibault Editors: Charles Bergeron, Sébastien Huot, Bernard Lapointe, Étienne St-Amour ​ »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Twitter: http://bit.ly/1sA5P9H For breaking news on Twitter: http://bit.ly/1WjDyks Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
Просмотров: 109969 CBC News
ADP Retirement Services Wins Eddy Award for Investment Education
ADP Retirement Services was recently honored by Pensions & Investments, a leading investment publication, with an Eddy Award. The Eddy Awards are an annual recognition that acknowledges best practices across seven categories by companies that offer defined contribution plans providing investment education to participants. The seven categories are: Automatic Re-enrollment; Conversions; Ongoing Investment Education; Plan Transitions; Retirement Health Care Savings; Retirement Preparation; and Special Projects. ADP Retirement Services, as a joint entry with Kingspan Insulated Panels, North America, was recognized with a first place award in the Ongoing Investment Education category. ADP Retirement Services worked with Kingspan Insulated Panels to develop a communication strategy that focused on educating their plan participants and eligible employees about the benefits of saving for their future retirement. The final program consisted of in-person education programs, email communications and digital media, and print marketing materials.
Просмотров: 468 ADP
CBIZ Multiple Benefit Services - Recognized Employee Benefit Consultants
About CBIZ Multiple Benefit Services. http://www.cbiz.com/mbs Multiple Benefit Services, Inc. (MBS) is your trusted advisor that provides employee benefit consulting, support and services to clients ranging in size from Fortune 500 companies to those with fewer than 100 employees in a wide variety of industries. MBS is part of the CBIZ Inc. CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting and tax, internal audit, merger and acquisition advisory and valuation services. Employee services include group benefits, property and casualty insurance, retirement plan consulting, payroll, HR consulting, and wealth management. CBIZ also provides outsourced technology staffing and support services, healthcare consulting, and medical practice management. As one of the largest benefits specialists and one of the largest accounting, valuation, and medical practice management companies in the United States, the Company's services are provided through more than 150 Company offices in 36 states. For more information about CBIZ, visit http://www.cbiz.com
Просмотров: 445 CBIZ
CBIZ Retirement Plan Services - The expertise to make your retirement plan an attractive benefit
Retirement planning is a primary concern of the American workforce. Qualified retirement plans and especially 401(k) plans remain one of the few tax-leveraged investment options available today. CBIZ retirement plan services provide you with the expertise necessary to make your retirement plan a benefit that will attract and retain the people whose efforts make your business a success, while staying in line with your business goals. CBIZ provides the full range of retirement plan services: - 401(k), profit-sharing & ESOP plans - money purchase plans - 403(b) tax-sheltered annuities - actuarial consulting services - 457 plan for non-profits - third-party fiduciary & investment management - customized employee communications services For more information, visit http://www.cbiz.com/benefits-gzh/page.asp?pid=1699
Просмотров: 234 CBIZ
Employee Provident Fund Act (EPF) Calculation
For EPF Registration for your business visit: http://esipfadvisor.com/ Employee Provident Fund Act, 1952 (EPF) is an Act to provide for the institution of provident funds, pension fund and deposit-linked insurance fund for employees in factories and other establishments. This is part 2 of Employee Provident Fund Act, 1952 (EPF), visit the below link for part of the same. https://www.youtube.com/watch?v=y9kyV2N5cfY Visit www.esipfadvisor.com for labour laws consultancy. (pf, epf, esi, etc). Visit https://www.youtube.com/watch?v=PXOXwCAHKug to understand ESI act in 5 minutes. Designed by Asierromero / Freepik
Просмотров: 492191 Labour Law Advisor
Cop wants retirement benefits that he's earned over 30 years
He wants to retire, and get the money he deserves after years of service to GovGuam. Filing a writ of mandate in Superior Court of Guam, a Guam Police Department employee wants justice.
Просмотров: 188 kuamnews
Episode 0009 - So, What is This Reduced Retirement Age Thing Anyway?
Links: LES Request Tool (DFAS) (https://www.dfas.mil/customerservice/lesrequest.html) References: National Defense Authorization Act (NDAA) for Fiscal Year 2008, Section 647 – effective 28 January 2008 National Defense Authorization Act (NDAA) for Fiscal Year 2014 - effective 19 December 2013 10 USC § 101(a)(13)(B) 10 USC § 1074(b) 10 USC § 12301(a) 10 USC § 12301(d) 10 USC § 12302 10 USC § 12304 10 USC § 12304(a) 10 USC §12305 10 USC § 12406, chapter 15 10 USC § 12301(h) 10 USC § 12731(f)(2) 32 USC § 115 32 USC § 502(f) Department of Defense Instruction 1215.07 (with Change 1) – 23 September 2013 (http://www.rcretirement.com/docs/DODI_1215.07-20130923.pdf) Army Regulation 135-180 – Qualifying Service for Retired Pay (http://www.rcretirement.com/docs/AR_135-180.pdf) Army Regulation 600-8-7 – Retirement Services Program – 18 January 2017 (http://www.rcretirement.com/docs/AR_600-8-7_-_Retirement_Services_Program_-_20170118.pdf) National Guard Regulation 680-2 – Automated Retirement Points Accounting Management – 19 August 2011 (http://www.rcretirement.com/docs/NGR_680-2-19_-_Automated_Retirement_Points_Accounting_Management_-_20110819.pdf) Personnel Policy Operational Memo 13-029 – Implementation Guidance for Reduced Retirement Age for Army National Guard Soldiers - 05 August 2013 (http://www.rcretirement.com/docs/PPOM_13-029.pdf) Tricare.mil (http://www.tricare.mil) DFAS.mil (http://www.dfas.mil) Legal Disclaimer: R.C. Retirement is not recognized or endorsed by the Department of Defense, the Department of Veterans Affairs, or any government agency and is for informational and entertainment purposes only. The content on this site should not be considered professional financial advice. References to third party products, rates, and offers may change without notice. We may receive compensation through affiliate or advertising relationships from products mentioned on this site. However, we do not accept compensation for positive reviews; all reviews on this site represent the opinions of the author. The content presented is drawn and collated from the author's vast personal experience in military retirement as well as from military and civilian sources in the public domain. While every effort is made to deliver up to date and accurate information, we strongly recommend that you consult with an attorney and / or a financial planning professional familiar with your situation before making any decisions. First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100862 Artist: http://incompetech.com/
Просмотров: 391 RCRetirement
Top changes in IFRS 2013 and 2014
http://www.ifrsbox.com The year 2013 started off with some really significant IFRS amendments that you need to take into account when preparing your IFRS financial statements as at 31 December 2013. Top 5 changes are: #1: Changes in IAS 19 Employee benefits 1.1 New accounting treatment of defined benefit plans in line with IAS 19 Employee benefits Entities no longer apply corridor method for recognizing actuarial gains or losses arising in accounting for defined benefit plans. All remeasurements are fully recognized to other comprehensive income. 1.2 Accounting treatment of termination benefits Termination benefit is simply a benefit received for terminating the employment before the normal retirement date (given certain conditions are met). Here, nothing much changed, but the standard IAS 19 now makes it clearer that when employees need to provide future service in order to get the benefit, then it is NOT a termination benefit. 1.3 Other changes to IAS 19 Employee benefits Apart from the above mentioned changes, there are a few other things to watch out: • Past-service cost related to unvested benefits is recognized immediately after plan amendment and is no longer spread over a future-service period. • We shall be using pre-tax rate (not post-tax rate) in order to discount benefits to their present value. • You need to present slightly more disclosures and the split of benefits than before. #2: New standard IFRS 13 Fair Value Measurement in place Before IFRS 13, guidance on determining the fair value was all over the place: in IAS 39 for financial instruments, in IAS 40 for investment property, in IAS 2 for inventories, etc. Often this guidance was very conflicting and therefore, we have a single standard for fair value measurement. Now, if you see reference to fair value in any other standard, you should be heading to IFRS 13 Fair Value Measurement for its determination. Please watch the video about IFRS 13 here http://www.youtube.com/watch?v=gwjJOBtYUSU #3: New standard IFRS 10 Consolidated Financial Statements IFRS 10 is a completely new standard dealing with the consolidation and it is applicable for the periods starting 1 January 2013 or later. Before 2013, the standard IAS 27 dealt with these issues, but IFRS 10 replaces this part of IAS 27. Currently, you should apply IAS 27 only for the separate financial statements. The main change of IFRS 10 is the new definition of a control. New concept of investment entities This is the change applicable for annual periods beginning on or after 1 January 2014, so you will deal with that at your 2014 closing. IFRS 10 introduces a concept of an "investment entity". An entity must carefully assess whether it meets the definition of an investment entity or not. So if an entity meets the definition of an investment entity, it DOES NOT consolidate its subsidiaries in line with IFRS 3 when it obtains control of another entity. #4: New standard IFRS 11 Joint arrangements IFRS 11 effectively replaces IAS 31 and brings completely new definition of joint control. Also, IFRS 11 removes 3 categories of joint arrangements and sets only 2 of them: • Joint operation • Joint venture Here's the biggest change: proportionate consolidation method permitted by IAS 31 for accounting joint ventures is no longer permitted. #5: New standard IFRS 12 Disclosure of interests in other entities In addition to disclosures about your subsidiaries, associates or joint ventures, you need to disclose lots of information about your interest in other entities too. If you liked this video, please visit http://www.ifrsbox.com and subscribe to our IFRSbox community. Thank you!
Просмотров: 8373 Silvia M. (of IFRSbox)
Benefits Design
Benefit programs must be designed, administered, communicated, and measured. To maximize the impact that employee benefits have on employee satisfaction and retention, careful consideration must be given to designing benefit programs with the overall organizational philosophy and strategy in mind. Organizations design benefit plans with a goal of providing value for employees while remaining cost-effective for the company. Many key decisions must be made as part of benefits design. As part of both benefits design and administration, employers may offer employees choices in benefits. A flexible benefits plan is a program that allows employees to select the benefits they prefer from options established by the employer. As a result of the changing composition of the workforce, flexible benefits plans have grown in popularity. Flexible benefits systems recognize that individual employee situations differ because of age, family status, and lifestyle. Offering more choices leads to higher administrative costs for the organization.
Просмотров: 58 Gregg Learning
Retirement Plan Fee Disclosure Rules
BerryDunn's Retirement Benefit consultants, Bill Enck and Roger Prince, cut through the confusion of the new Retirement Plan Fee Disclosure rules and deadlines.
Просмотров: 415 BerryDunn
The No. 1 Commonly Overlooked Employer Retirement Plan Will Surprise You
The most popular employer-sponsored retirement plan is a 401(k). But a 401(k) can be tax and cost inefficient, with most plans funded by market-exposed products. A fully insured, defined benefit plan under 412(e)(3) can provide safety and low plan expenses, and it is more tax efficient. Nationally recognized 412(e)(3) expert Nick Paleveda, MBA, J.D., is interviewed by online talk show host and syndicated columnist Steve Savant. Nick explains why this plan may be a better deal than traditional 401(k)s. 11 00:00:34,129 -- 00:00:38,280 everybody knows what a 401 K is 12 00:00:38,280 -- 00:00:41,870 and that seems to be the most popular defined contribution plan 13 00:00:41,870 -- 00:00:45,530 we're actually flipping the Senate sense a were looking for countries willing for 14 00:00:45,530 -- 00:00:46,190 a defined 15 00:00:46,190 -- 00:00:50,640 benefit what I actually gonna get at my retirement age generally 65 16 00:00:50,640 -- 00:00:54,650 let's talk about why this is so tax efficient because everybody says 17 00:00:54,650 -- 00:00:58,510 taxes are killing everybody especially small businessman lot a small business 18 00:00:58,510 -- 00:00:59,250 and consumer 19 00:00:59,250 -- 00:01:02,229 practices on other home whatever they're doing they're looking for some kind 20 00:01:02,229 -- 00:01:02,830 shelter 21 00:01:02,830 -- 00:01:07,070 right right well the thing is the reason why these pensions are so great for a 22 00:01:07,070 -- 00:01:08,270 private employer 23 00:01:08,270 -- 00:01:12,470 remember the public employees all what time they fight over them to the mail 24 00:01:12,470 -- 00:01:16,310 were that big battle in Wisconsin news for their pension plan 25 00:01:16,310 -- 00:01:19,460 so the public sector all have these pension plans 26 00:01:19,460 -- 00:01:23,280 it's the private sector that's neglected or doesn't have them 27 00:01:23,280 -- 00:01:26,350 in but when they look at the tax benefits in the asset protection 28 00:01:26,350 -- 00:01:29,299 benefits and the retirement benefits you get from them 29 00:01:29,299 -- 00:01:33,020 take a look at this it's fully deductible for federal income taxes 30 00:01:33,020 -- 00:01:36,759 state income taxes medicare taxes 31 00:01:36,759 -- 00:01:40,399 social security taxes and also fully deductible against 32 00:01:40,399 -- 00:01:45,350 all Bama care taxes so it's a very good very good tax efficient vehicle whereas 33 00:01:45,350 -- 00:01:46,350 401 K 34 00:01:46,350 -- 00:01:52,020 years is not deductible against Social Security or Medicare taxes so the thing 35 00:01:52,020 -- 00:01:53,579 is if you look at a pension 36 00:01:53,579 -- 00:01:57,710 relative to a 4-1 K its actually more tax-efficient 37 00:01:57,710 -- 00:02:01,149 because in a pension plan you get deductions for everything 38 00:02:01,149 -- 00:02:05,119 were in the 401 K you don't get the deductions for medicare and you don't 39 00:02:05,119 -- 00:02:07,670 get the deduction for salsa song right under the 40 00:02:07,670 -- 00:02:11,039 get-go I'm what is that fifteen-point I did the math right 41 00:02:11,039 -- 00:02:15,470 its 15 points sexes 15 point three percent so so I i talk lines I said look 42 00:02:15,470 -- 00:02:16,140 expecially 43 00:02:16,140 -- 00:02:19,819 your small business owner or a doctor or lawyer professional 44 00:02:19,819 -- 00:02:24,549 if you set up a 401 k plan your basically given the government 15 point 45 00:02:24,549 -- 00:02:25,170 three percent 46 00:02:25,170 -- 00:02:29,310 load to social security medicare taxes if you set up a pension plan you 47 00:02:29,310 -- 00:02:30,390 eliminate that load 48 00:02:30,390 -- 00:02:34,760 and basically you take 3500 nineteen dollars and stuck in your pocket 49 00:02:34,760 -- 00:02:38,159 because it went into your pension plan as opposed to a 4-1 Cape 50 00:02:38,159 -- 00:02:40,709 I think small business wants to hear that now let's talk about the server 51 00:02:40,709 -- 00:02:42,099 second not only do we have 52 00:02:42,099 -- 00:02:45,920 tax efficiencies cuz we get the medicare and making you mention Obamacare though 53 00:02:45,920 -- 00:02:46,260 there 54 00:02:46,260 -- 00:02:48,620 there's a little play there as well there's a play on that to see the 55 00:02:48,620 -- 00:02:50,459 problem as Obamacare taxes hit 56 00:02:50,459 -- 00:02:54,129 you if you're single individual want to make an over 200,000 you get hit with an 57 00:02:54,129 -- 00:02:56,260 additional 3.5 percent tax 58 00:02:56,260 -- 00:02:59,519 okay if you're a if you take your money 59 00:02:59,519 -- 00:03:02,959 above that and you put it into your pension plan you don't have to pay the 60 00:03:02,959 -- 00:03:03,510 tax For the full transcript, contact: Money: The Name of the Game 236 N. Country Club, Suite-2 Mesa, Az. 85201 Tel. No. (480) 305-0404
Просмотров: 86 Steve Savant
Saving For Retirement Is Easy As A Memorial Healthcare System Employee
Irene's retirement dream of opening an art studio is possible thanks to Memorial Healthcare System's retirement plan. To learn more, visit: MHS.net/Careers
Просмотров: 1356 Memorial Healthcare System
4 Signs that a Job is a Pyramid Scheme / Scam (in 3.5 minutes)
How to tell if company is a pyramid scheme? How to tell if a job is a scam? What are signs of a pyramid scheme? What is multi-level marketing? Usana, Vector Market, World Financial Group, MonaVie, Herbal life, Organogold are all pyramid schemes.
Просмотров: 293487 ENGINEERED TRUTH
Meet Larry Antonation, Group Retirement Consultant at TRG Group Benefits & Pensions Inc.
MORE ABOUT LARRY To his colleagues, Larry is one of the most recognized and respected retirement and pension experts in the industry. To his clients, he’s the man with the plan. After four decades of designing, refining and optimizing pension plans, there are few others who rival his extensive knowledge of retirement services. This wealth of knowledge and experience, together with his thoughtful and friendly demeanour, makes Larry a welcome member and an invaluable resource of the TRG team. Consider your organization’s retirement and pension plan—can it benefit from better opportunities, greater efficiency, improved use and clearer communication? If so, talk to Larry. Chances are he can help to dramatically enhance the value of your plan with some of the best advice in the business. Larry holds a Diploma in Business Administration, and his Retirement Plans Associate (RPA) designation. He's a fitness buff and a regular golfer, so when he’s not helping plan for a better future, you’ll find him at the gym, on the fairway, hiking or travelling. Phone: 604.714.4860 Email: lantonation@trggroup.com
Просмотров: 19 TRGGroupBenefits Canada
Do It Yourself Retirement Planning: Smart Choice or Risky Businesss?
The Do it yourself approach has been around since the beginning of time. And even today when there is a service or product that can do just about anything for you, there still exists a huge portion of do it yourself enthusiasts who like to do everything from mowing their yard, painting their house, changing oil, and even doing your own investing and retirement planning. And in most cases, doing it yourself saves money. But did you know that the do it yourself retirement planning might actually be costing you money? A recent study by Guardian Workplace Benefits revealed that the 40% of employees who call themselves retirement planning DIYers (do it yourselfers) are falling behind their peers in regards to prioritizing and meeting key financial objectives. Don't forget to Download your Free Retirement Reports here: http://www.RetirementThinkTank.com According to this do it yourself retirement study, 52% of these do it yourselfers cite that all or most of their financial preparedness and education comes through their employers. Overall, the do it yourself retirement planners underperformed on key financial objectives compared to the done for me retirement planners who used financial advisors. For more on retirement planning and to download your free retirement reports, check out: http://www.retirementthinktank.com
Просмотров: 523 Retirement Think Tank
Retirement in :20 Seconds - Protect Your Retirement Savings
Only a third of Americans have disability income insurance. Learn why that’s important in just 20 seconds. About Voya Financial Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 15 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $8.6 billion in revenue in 2017. The company had $555 billion in total assets under management and administration as of Dec. 31, 2017. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as one of the 2018 World’s Most Ethical Companies® by the Ethisphere Institute, one of the 2018 World’s Most Admired Companies by Fortune magazine and one of the Top Green Companies in the U.S. by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.
Просмотров: 269 Voya Financial
12 Helpful Tips for Financial Planning
"Chris Kowalik is a nationally recognized federal employee retirement benefits expert, and a frequent speaker and trainer for federal employee organizations andfinancial service firms throughout the country.  She is certified by Long Term Care Partners as an approved trainer for the Federal Long Term Care Insurance Program(FLTCIP) which is approved by the U.S. Office of Personnel Management. She brings over a decade’s worth of experience in the financial services industry and is the most trusted expert among financial professionals serving federal and postal employees. As the developer of dozens of highly‐regarded retirement planning materials for federal employees, Chris has also analyzed the challenging retirement scenarios for thousands of federal and postal employees – helping them to avoid costly mistakes, and highlighting opportunities for them to gain greater financial security in their retirement years. Bringing extensive experience in one‐to‐one coaching, providing solutions to hundreds of challenging benefits cases, and conducting dozens of inspiring live training events – Chris has helped equip federal employees with confidence to make sound retirement planning decisions.  That confidence is based on a clear understanding of how the benefits work, how they apply to the employee, and what financial impact the employee will feel from his or her decisions.    Because of Chris’ background in the financial services industry, she knows first‐hand the challenges that so many face as they plan for and approach retirement.  She believes that helping employees to take ownership of their decisions—or lack of decisions—is the first step to making progress in meeting their specific retirement goals.    While federal benefits are often confusing and difficult to interpret, Chris is able to break down complex concepts into easy‐to‐understand language and shows employees how proactive benefit decisions can positively affect their overall financial situation." http://FedImpact.com/
Просмотров: 78 PSG Clarity
One World Cross Borders Retirement Plan
Problem: Almost all retirement plans proposed as being "International Retirement Plans" have immediate vesting, which means that growth/gains are subject to annual tax consequences in countries which tax their residents on their worldwide income. Solution: Our plan is not-vested until retirement or withdrawal. Stated differently, "your retirement savings is not yours until it is yours." That means that accumulated growth in the retirement Plan cannot be considered part of the employee's compensation income, and it also means that those assets are protected from creditors. Problem: Many plans restrict contributions to a preset schedule and locked in to a number of years which exposes members to substantial penalties for lack of contribution and huge charges when liquidated prior to the end of the number of contracted years. Solution: Our Plan has no schedule of contributions and is suitable for variable contributions. That means as employee's circumstances change (they move, have children, wish to redirect dollars to another investment), they can easily change their contribution schedule, and they can do it themselves online. Because this Plan does not require a contribution schedule costs are lower and changes do not require penalizing the member. Problem: Most plans have a U.S. or U.K. bias and those plans always have a short list- limited investment selection menu. Solution: Our plan permits investments into the top 30 government-regulated financial markets: this means your global workforce has a broad and deep choice of registered securities and currencies worldwide. Contributions can me made and held in Euro, USD, Sterling, or Yen. Problem: Many "International Plans" have no Regulated Government Plan Administrator, Trustee and Supervisor registered by national governments and recognized by international governance. Solution: The Administrator, Trustee and Supervisor for the Plan Assets are regulated, registered and recognized member of the International Organization of Pension Supervisors (100 plans, 60 Countries) . It is a portable, cross borders plan with tax benefits to foreign resident in North America, Central and Western Europe, and Asia. We believe that our plan uniquely meets the benefit criteria of a proper Employee and a proper Foreign and Mobile Employee Retirement Plan. To learn more contact us at http://www.investoffshore.com
Просмотров: 107 Invest Offshore
How do Emotions and Personal Schedule Play a Role in Financial Planning?
"Chris Kowalik is a nationally recognized federal employee retirement benefits expert, and a frequent speaker and trainer for federal employee organizations andfinancial service firms throughout the country.  She is certified by Long Term Care Partners as an approved trainer for the Federal Long Term Care Insurance Program(FLTCIP) which is approved by the U.S. Office of Personnel Management. She brings over a decade’s worth of experience in the financial services industry and is the most trusted expert among financial professionals serving federal and postal employees. As the developer of dozens of highly‐regarded retirement planning materials for federal employees, Chris has also analyzed the challenging retirement scenarios for thousands of federal and postal employees – helping them to avoid costly mistakes, and highlighting opportunities for them to gain greater financial security in their retirement years. Bringing extensive experience in one‐to‐one coaching, providing solutions to hundreds of challenging benefits cases, and conducting dozens of inspiring live training events – Chris has helped equip federal employees with confidence to make sound retirement planning decisions.  That confidence is based on a clear understanding of how the benefits work, how they apply to the employee, and what financial impact the employee will feel from his or her decisions.    Because of Chris’ background in the financial services industry, she knows first‐hand the challenges that so many face as they plan for and approach retirement.  She believes that helping employees to take ownership of their decisions—or lack of decisions—is the first step to making progress in meeting their specific retirement goals.    While federal benefits are often confusing and difficult to interpret, Chris is able to break down complex concepts into easy‐to‐understand language and shows employees how proactive benefit decisions can positively affect their overall financial situation." http://FedImpact.com/
Просмотров: 41 PSG Clarity
Pension Plans Explained: Defined Contribution vs Defined Benefit Plans
Pension Plans Explained: Defined Contribution vs Defined Benefit Plans What we’ll cover: What are Pension Plans? 2:02 Key Differences between Defined Contribution and Defined Benefit Plans 5:05 Accounting for the 2 Types of Plans 10:05 Personal Finance Implications for Both Types of Plans 13:10 PERSONAL FINANCE & FINANCIAL PLANNING Pension Plans: Defined Contribution Plans vs Defined Benefit Plans WHAT ARE PENSION PLANS? Individual Investment Accounts to assist Funding Your Retirement Individuals being encouraged to better fund their own retirement, through individual investment accounts. These can both reduce burden on state, while also improves the standard of living in retirement These accounts funded by employers or individuals themselves and often receive favourable taxation treatment These accounts have restrictions on accessing the funds prior to retirement Pension Plans System often Dependant on National Jurisdictions This video may be played anywhere in the world, so I have to talk in generalisations. But you’ll find specific systems, structures and rules are based on where you’re located. In the US: 401(k) Accounts In Australia: Superannuation Account within a superannuation fund In Ireland: PRSA, or a Personal Retirement Savings Account But no matter your location, the consensus view is that there are 2 Distinct Types, or categories, of Plans: 1) Defined Contribution Plan 2) Defined Benefit Plan KEY DIFFERENCES BETWEEN 2 TYPES OF PLANS Defined Contribution Plan: * Employer only obligated to contribute set amount each period * No guarantee of future benefits, only committed to the contribution. E.g. minimum 9.5% of earnings in Australia * Therefore the employee bears the investment risk Defined Benefit Plan: * Employer is obligated to provide an income stream post retirement Income stream amount dependent on variety of factors, e.g. length of service or salary at retirement * Employer bears investment risk i.e. they the promising a particular income stream and must have the plan assets to meet these commitments * In general: These plans can cause huge liabilities for some companies Are being phased out and 'defined contribution plans' are becoming the standard ACCOUNTING FOR BOTH PLANS Defined Contribution Plan: * Much simpler accounting * Income Statement: ‘Pension Expenses’ are just the contribution made * Balance Sheet: No impact, i.e. no recognition Defined Benefit Plan: * More complex accounting. Differences in accounting between IFRS and US GAAP * Income Statement: ‘Pension Expenses’ can involve any new pensions earned by employees, benefits paid from past employees and interest * Balance Sheet: Compare the Plan Assets vs Estimated PV of Pension Obligations Net pension asset or net pension liability on balance sheet PERSONAL FINANCE IMPLICATIONS Defined Contribution Plan: * Must monitor Performance of Contributions * Must monitor Allocation of Contributions (1) Determine post retirement income needs, (2) Estimate the balance needed that should generate that income, (3) Plan to reach the balance needed by adjusting contributions and monitoring fund performance Defined Benefit Plan: * Must monitor the financial strength of Plan * Must monitor communications from the managing entity, and it’s management * Learn the rules of how your Defined Benefit Plan works DISCLAIMER The business AccoFina, and myself the individual, are not giving personal advice in this video. It is meant to provide factual information for educational purposes. We do not know your personal circumstances and financial goals. Neither AccoFina or myself hold an AFSL, nor are we authorised representatives of an AFSL holder. We are not a licensed financial advisor. This is general information only and should not be taken as constituting professional advice. You should consider seeking independent legal, financial, taxation or other advice to check how this information relates to your unique circumstances, before taking (or not taking) any actions. AccoFina and myself are not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this video. -------------------- Thumbnail Photo by Daniel Spase from Pexels --------------------- This video was brought to you by AccoFina. Subscribe to the Channel: https://goo.gl/84Sfeg Or just check out the Channel Page: https://goo.gl/yTj9Bs Here’s AccoFina’s Most Popular YouTube Video: https://goo.gl/Jbv685 And here’s AccoFina’s Latest YouTube Upload: https://goo.gl/wDM83Y Accofina: 1) Website (includes Free Spreadsheets, Free Books and Free Calculators) http://www.accofina.com 2) Amazon Author Page: http://www.amazon.com/author/axeltracy 3) Udemy Instructor Page https://www.udemy.com/u/axeltracy/ 4) Twitter http://www.twitter.com/accofina 5) Google+ http://plus.google.com/+accofina #Wealth #FinancialEducation #PersonalFinance
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Pension obligations | American civics | US government and civics | Khan Academy
Thinking about pensions, defined benefit plans, defined contribution plans and how pensions tend to get underfunded. Created by Sal Khan. View more lessons or practice this subject at https://www.khanacademy.org/humanities/us-government-and-civics/american-civics-parent/american-civics/v/pension-obligations?utm_source=youtube&utm_medium=desc&utm_campaign=usgovernmentandcivics Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
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How and Why Employee Benefits are a must for todays workers!
http://www.tarpon-uk.com/ 0845 643 1580 This presentation is designed to help understand the importance of employee benefits in the work place today. For a free salary calculation please visit http://www.tarpon-uk.com/salary_calculator/index.aspx Tarpon is an employment benefits company which offers contractors a tax-efficient payroll service. We are experts at giving impartial tax advice. We'll claim up to 100% of your expenses back for you. And we'll provide you with a personal business manager to handle both your admin and your invoicing. Plus many additional benefits making contracting more rewarding. Employment, what to look for? Nowadays it is not just what the employee has to offer, any good employer will make sure it's employees are well looked after and able to benefit from better perks and increased tax savings. There are many ways an employer can benefit its employees, from salary sacrifice schemes to corporate affiliations to give its employees discounts on products and services. You should choose an employer that can offer you the best employee benefits package. What is salary sacrifice? A salary sacrifice is when an employee agrees to give up part of his/her payment under their contract of employment. Usually, the sacrifice is made in return for some form of non-cash benefit The sacrifice is achieved by agreeing to amendments to the employee's terms and conditions of employment relating to payments. For example, if an employee's current contract calculates to an annual payment of £40,000 a year with no benefits. The employee can agree that they will be paid £37,084 a year and receive 12 childcare vouchers, each with a face value of £243 Salary sacrifice can come in many forms, here are some examples: Childcare vouchers: An Employee can claim up to £243, by voucher scheme, per month to cover all childcare costs. Annually this calculates to an estimated £1,900 saving in Tax and NI. Pensions: Employees can offset their monthly pension contributions as a salary sacrifice, therefore reducing the amount of Tax and NI payable. Mobile Phones The employer will issue the mobile and then the employee agrees a monthly amount to cover calls. For example, if the phone costs around £100 and the monthly costs are £50 (around £10 per week), the employee could save up to £290 per year. Eye Tests & Glasses If an employee works with a VDU on a daily basis, they can claim the cost of the eye test. The employee can also claim the cost of the glasses -- as long as they are for work use. Partnerships In addition to the salary sacrifice scheme any worthy employer will also build up corporate partnerships to further enhance the overall employee benefits package. These partnerships can be introduced as employee "perks" enabling the employee to again benefit from discounts on sales and services from various suppliers. Some examples of this would be; high street shop discounts, discounted insurances, corporate gym membership, leisure break deals, TV subscriptions and much, much more. Tags Jobs, Employment, Umbrella, tax, NI, LTD, PAYE, Inland Revenue, Budget, HMRC, Recruitment Agencies, Contractor, Finance, legislation
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Matt Taibbi: The Conspiracy To Destroy Our Pensions
Rolling Stone's Matt Taibbi joins us in studio and explains how a former Enron commodity trader who wants to destroy pension plans across the country, why Rhode Island is at the forefront of pension "reform" policies, why pension "reforms" passing public funds into the hands of Hedge Funds, why Wall Street and crony capitalism caused the pension crisis, the single biggest scam devised by Wall Street, why if you are in the Hedge Fund business you never lose and why Unions are beginning to recognize the pension scam. This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM Subscribe to us on YouTube: http://youtube.com/user/SamSeder
Просмотров: 22943 The Majority Report w/ Sam Seder
How to Calculate Pension Expense for a Defined-Benefit Plan
This video shows how to calculate pension expense for a defined-benefit plan. A comprehensive example is provided to illustrate how (1) service cost, (2) interest cost, (3) expected return on plan assets, (4) amortization of gains or losses (corridor amortization), and (5) amortization of prior service cost are tallied to generate pension expense. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
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Commonwealth of Atlanta | Financial Service Directory
Contact Commonwealth of Atlanta, LLC at http://www.cwbfs.com Commonwealth of Atlanta Addresses Financial Needs of Individuals and Business Owners The Commonwealth of Atlanta, LLC team was formed to address the needs of individuals, executives and small to midsize companies (with revenues between 300K to 15M) that were underserved by larger financial institutions. The service oriented approach we take at Commonwealth of Atlanta centers on the needs of the client and the client’s goals and objectives. We offer an unbiased approach to helping clients in their financial world. Our client experience is customized to meet our client’s unique needs. The Commonwealth of Atlanta, LLC team has well over 100 years of collective financial services and business experience. We add value and serve individuals, executives, and small to midsize businesses through a customer centered consultative approach to meet the needs of their complex financial world. While several team members have been recognized for production levels, we at Commonwealth of Atlanta, LLC appreciate the recognition we receive from our satisfied clients. Being able to serve a client enabling them to help satisfy and achieve their financial goals and objectives lets us know we have done our job and have done it well. Our 21st century approach to address business owner’s needs is remarkable. We provide solutions utilizing our strategic partners in advance planning, insurance concepts, and product partners to help solve for client’s concerns resulting in their peace of mind. We specialize in four core areas: Wealth Accumulation Risk Management Tax Reduction Strategies* Retirement & Estate Planning* *Please consult legal or tax professionals for specific information regarding your individual situation. Commonwealth of Atlanta, LLC is a financial advisory firm in Atlanta, GA. Howard Ebo and his team provide a wide array of financial service which include: Investment Management Financial Planning Retirement Planning Estate Strategies Tax Minimization Strategies 401(k) Rolloever Risk Management Life Insurance Long Term Care Business Evaluation and Planning Employee Benefits Executive Benefits Commonwealth of Atlanta, LLC 5909 Peachtree Dunwoody Road Building D, Suite 990 Atlanta, GA 30328 (678) 842-3100 Member, Financial Service Directory https://www.financialservicedirectory.com/commonwealth-of-atlanta-llc
Просмотров: 121 Financial Service Directory
5 Keys to Happiness in Retirement
Presented by Patricia Cavanaugh and Ellie Klevins So what are you planning to do with your one precious and wild life? Today’s Baby Boomers are living longer - and healthier than ever before. But are we happier? Join us for this lively presentation on steps you can take now to plan for your “3rd Act” and make the years ahead the best time of your life.
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Benefit Consultants Group
Benefit Consultants Group is a nationally known retirement plan provider delivering service excellence since 1958. Our expertise includes a wide range of retirement plan competencies, including: consulting, plan design, administration, recordkeeping, regulatory compliance, an open architecture platform and fiduciary services.
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What Is A Financial Wellness?
What is 'financial wellness,' and what does a lack of it mean corporate wellness magazine financial defined enrich. What are they really? This article will inform you and provide why financial click here to find out what holistic wellness is all about. Financial wellness is having an understanding of your financial situation and taking care it in such a way that you are prepared for changes learn the definition how directly impacts company culture, employee's health retirement plans learning to maximize now will help feel handle potentially stressful situations future office education promotion living within means manage finances short apr 4, 2017 what exactly wellness, on earth do we get there? therapist amanda clayman offers her top tips bringing may 18, what's behind increase number employers offering programs obstacles lie ahead jul 24, every year, professional services giant pricewaterhousecoopers conducts its employee survey gauge u. Workplace financial wellness services prosperity now. How to tell if your financial wellness program is. For employees, financial wellness is holistic and defined by health, not wealth jul 3, 2017 an intricate balance of the mental, spiritual physical aspects money. How to reach financial wellness forbes. Definition of wellness financial definition student health and counseling serviceshealth & university new hampshire. Sep 25, 2014 for employers, financial wellness is a program or set of programs designed to improve employees' behavior and outcomes while also driving business impact. Dimensions of wellness financial. Learnvest corporate financial wellness programcontent. Hellowallet financial wellness 5 elements wellbeing url? Q webcache. Prosperity jan 17, 2017 benefits specialists say that giving employees money management training and tools through a financial wellness program is key workplace what does look like? I know when i started working on my life, wasn't sure how to go about being healthy with. Is 2017 the year of employee financial wellness programs? Shrmfinancial coachingkent state university. Why workplace financial wellness programs are hot forbes. Wellness is a broad spectrum of human experience, including physical health, mental workplace financial wellness services primer for employers. Definition of wellness what is financial wellness? 5 elements wellbeing. 2017 employee financial wellness survey pwc. Financial wellness what is financial wellness? 5 elements of wellbeing hrpost. Workers jun 14, 2016 financial wellness programs have been described as many things. Inside employees' minds financial wellness mercer. The terms please note the one stop for student services provides financial wellness as an educational service only. We do not provide investment, legal or tax advice the 2017 results highlight how employees define financial wellness and their polarizing views regarding potential impact of government policies a growing number employers across globe are beginning to recognize importa
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Decoding of Corporate Financial Communications: Derivative Instruments, Pensions, Forecasting
Decoding of Corporate Financial Communications Derivative Instruments, Retirement Benefits / Pensions Forecasting Financial Statements Professor Cooperberg June 12th, 2013 To hedge the risk of adverse changes (foreign exchange and interest rates changing, stock prices, etc), derivative instruments are used. It is essentially locking in to an acceptable level (for example a good interest rate). Forward contracts lock into a price that you will owe on a specific day in the future while swaps contracts trade off a fixed interest rate for a variable rate. There are many unique and complex derivatives to meet specific customer needs. Every derivative has certain characteristics (underlying prices, notional amounts, whether or not an initial investment is required). They are recognized on the balance sheet as either an asset or liability, depending on the contract and are revalued to market value (mark to market) each period. The gain or loss sustained on the revaluation immediately goes to either net income or OCI (other comprehensive income). The accumulated amount in other comprehensive income is then transferred to net income periodically. There are three types of derivatives covered. A speculative instrument is made for the purpose of a gain (and is revalued each period and recognized in net income). Fair value hedges are used to protect the value of an asset. Cash flow hedges are used to protect cash flows from the sale of an asset. Fair value hedges and cash flow hedges differ based upon purpose. If not specified as fair value or cash flow hedge, it must be considered a speculative investment. FASB requires disclosures concerning derivatives. For cash flow hedges, the transaction that will cause a gain or loss must be reclassified in net income and that amount must be estimated in the next 12 months. The net amount of gain (or loss) should be included in net income if the hedged commitment no longer qualifies as a fair value or cash flow hedge. Derivatives should be marked to market each period. However, some derivatives won't have active markets and therefore have unreliable valuation (such as ENRON and AIG). Many derivatives can be classified as fair value or cash flow hedges at the firm's discretion. Gains and losses on cash flow hedges effect earnings later than fair market hedges. Effectively hedged firms should have relatively small gains and losses. If a firm has large or highly variable gains / losses, it may be using derivatives ineffectively. Regarding retirement benefits, they accrue during the life of employment and become useful upon retirement. The employer recognizes the cost of these benefits as an expense while the employees work and contribute to revenues. This is usually based on assumptions about employee turnover, future compensation and health care costs, and future interest rates. Pension plans also have separate accounting records. There are two types - defined benefit and defined contribution plans. Defined contribution plans are plans where the employer agrees to contribute a certain amount to a pension fund each period and the amount the employee eventually receives depends on the performance of the fund. A defined benefit plan is one where the employer agrees to make benefits payments upon retirement based upon a formula of wages earned and years of service. Employer should contribute enough to ensure that the benefit plan is funded (invested by a trustee). As assets accumulate, they appear on the pension fund balance sheet (not the firm's balance sheet). Under a defined contribution plan, an employer's obligation is satisfied upon contribution. A defined benefit plan, on the other hand, increases each period. It increases as the employee's salary increases, as the employee moves closer to actually receiving the benefit (the PV increases), and as payments are made to employees, the assets and liabilities of the plan decrease in the amount of the payment. There are several key terms pertaining to pensions, such as VBOs (vested benefit obligations), ABOs (accumulated benefit obligation), PBOs (projected benefit obligation), and actuarial gains / losses. Derivative Instruments: 0:19 Characteristics of Derivative Instruments: 3:02 Accounting for Derivatives: 4:10 Class of Derivatives: 5:08 Fair Value Hedges: 6:17 Cash Flow Hedges: 8:31 FASB required disclosures: 10:26 Accounting Quality Issues: 14:32 Retirement Benefits: 17:11 Pensions (defined benefit plan): 19:15 Pensions (employer's obligation): 22:36 Key Pension Terms: 23:54 Funded Status of Pension Plan: 26:21 Other Post Retirement Benefits: 30:09 Analysts Treatment of Pensions: 30:48 Chapter 10 Begins - Forecasting Financial Statements: 35:28 Forecasting Financial Statements: 43:31 Difficulty of Forecasting: 45:05 Benefits / Results of Forecasting: 46:04 Seven Step of the Forecasting Sequence: 47:04 Practical Tips: 48:00 Step 1 - Projecting Revenues: 52:38
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Unraveling DOMA: How the Supreme Court's Windsor Decision Affects Your Employee Benefit Plans
(Recorded 8/15/2013) On June 26th, 2013, the Supreme Court struck down the portion of the Defense of Marriage Act that prohibited the federal government from recognizing same-sex marriages for purposes of any federal laws. The United States v. Windsor decision has important implications to employers and their employee benefit plans. Attorney Kate Saracene reviews the changes you should be making to your health and welfare plans, cafeteria plans, pension and retirement plans and other policies in order to comply. Take advantage of this opportunity to understand this far-reaching Supreme Court ruling.
Insight: Life Cycle Retirement Planning
In this "Insight” interview, Donna Lum, CalPERS Deputy Executive Officer for Customer Service and Support, outlines efforts to promote retirement planning among both younger members and those nearing retirement. A CalPERS Benefits Education Event (CBEE) is featured as a video example.
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Private Pensions ***Easily Explained** Private Pension
What are private pensions – What is a private pension annuity? http://www.RetireSharp.com 1-800-566-1002. What are the best types of private pensions for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a private pension plan. This is the time when private pensions can do a whole lot of good to you. There are several schemes and policies available which can be quite helpful to solve the financial issues. But, those need to be dealt with during the time when the person is still an employed one and have years of service before facing up with retirement. Pension fund: A pension fund is the umbrella term to describe the assets built up in a pension plan. This can be shaped in a number of ways, including through your employer or by way of private pensions. The investment built up through the years is used at retirement to purchase a pension annuity. Pension payments cause customers to worry about while taking pension schemes. Different modes like automatic bank transfers, post dated checks can be used to pay the pension premiums. Private pensions are first preference of customers because you need not to run to pension offices for processing. In just one call of your executive will come at your door step to provide you the best services. A pension annuity will assure you a lifetime income. However, the amount of this income depends entirely on the annuity chosen. That is why it is so important to make the correct decision when making a selection. The difference between annuities can add up to 30% more income each year for the rest of your life. When people choose a pension annuity or turn 75 one year it is time to sign a contract with a provider. When applying for a pension annuity, the verbal agreement may sound perfect, but the contract may contain some relevant information about the security of the money they are investing. One of the important things to look for is the floor policy of the contract. This protects the investments from being lost completely. Besides the difference in income plans, pension annuity rates are usually dependable on other factors like life expectancy, medical status, smoking habits and other things. Until recently men were receiving better pension annuity rates because they have a shorter life expectancy according to the statistics. The European Court recognized this as sex discrimination and significant changes will be implied in the pension annuity market. While there were differences for male and female, this option is probably going to get eliminated. It is not difficult to get very good retirement pension annuity rates if the correct policy is chosen. Since rates vary on retirement pension annuities, it is important that research be done to find the best one possible. In doing this research you need to investigate all possibilities. While one offer might be lower, it might not be the best one available. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: Private pensions fully explained Top individual private pension plan Best private pensions What is the best private pension from retirement plans How to rollover my 401k to create a private pension through an insurance company https://www.youtube.com/watch?v=ydaTuebA1dY
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Tips on Submitting a Healthy Retirement Package
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Qualified domestic relations order
A qualified domestic relations order, is a judicial order in the United States, entered as part of a property division in a divorce or legal separation, that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset. A QDRO's recognition of spousal ownership interest in a plan participant's pension plan awards a portion of the plan participant's benefit to an alternate payee. An alternate payee must be a spouse, former spouse, child or other dependent of the plan participant. QDROs apply only to employee benefit or pension plans subject to the Employee Retirement Income Security Act, the American federal law governing private sector pensions. Comparable types of orders divide military retirement pay and Federal civil service retirement plans, and for State, county and municipal retirement plans in most States. A QDRO may provide for marital or community property division between the plan participant and the alternate payee, or for the payment of alimony or child support to the alternate payee. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Просмотров: 379 Audiopedia
Southwest Airlines: Our Purpose and Vision
From our very beginning, Southwest Airlines has been a maverick in the airline and Customer Service industries. We set ourselves apart every single day by delivering our Customers to the places, events, and People that are most important to them. This reason for being is encompassed in our defining statement -- our Purpose: To connect People to what's important in their lives though friendly, reliable, and low-cost air travel. We created this video to bring our Purpose to life through snapshots of interactions that our Employees have had with our Customers. These seemingly everyday situations demonstrate how our Employees go above and beyond to connect People to what's important in their lives.
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Tax Advantages of an ESOP Exit Strategy - Interview with Daniel Zugell
Today’s guest is Dan Zugell. Dan is the ESOP guy. Dan works for Business Transition Advisors and has been doing ESOPs for 19 years. The reason I wanted to have Dan on the show is because there are a lot of different messages about ESOPs out there. I wanted to get the full ESOP 101. Dan explains law changes, previous failures, how to value the business, payouts, finance structure and more. He totally demystifies the process including what life is like before and after ESOPs. In This Episode You’ll Learn: Dan shares how he got involved working with ESOPs by accident. He was helping a business owner exit and discovered that ESOPs were a great way to exit. He ended up starting and running the ESOP department at MetLife. Employee Stock Ownership Plan is a qualified retirement plan. The primary investment is the stock of the company. There are a lot of tax benefits for everyone involved. Employees get shares with no out of pocket costs. Good candidates for ESOPs need a company worth 5 million or more with 20 or more employees and about a million in payroll. They are also an excellent vehicle for passing a business from one generation to another. Dan shares concerns that may rise when looking into ESOPs, and how they are an internal sale with no outside buyer or influence. Tax advantages include deferred capital gains tax, the company gets to write off the sale over a period of years, the company becomes an S Corporation and the profits aren’t taxed by federal or state bodies, and estate planning advantages. The ESOP borrows money from a bank and buys the company stock. The company uses the tax savings to make ESOP contributions that pay off the loan. Dan’s company takes the ESOPs to the banks. Financing is a combination of a bank loan and the seller taking back a portion of the note at market rate interest. What life is like before and after an ESOP. The company owner can still sit on the board and run the company after establishing the ESOP. They even get board fees, salaries, and perks, but they can’t take money out of the company for personal use.   How to pick a trustee and how they ask for the financials.   The importance of preparing for liability and paying employees when they retire by making sure the company knows their numbers and plans properly. Share allocation. The shares are given out over time. An example would be 5 shares a year over 30 years. Takeaways: The amount of control you have over the process of an ESOP with the structure and financing enables you to reverse engineer your goals into the actual structure.   You still have control over running the business after a properly structured ESOP sale. The tax advantages and the four tax strategies that Dan laid out are an opportunity to maximize tax situations. Links and Resources: Business Transition Advisors Daniel Zugell on LinkedIn (724)766-3998 About Dan Zugell: Dan is Senior Vice President of the national consulting firm, Business Transition Advisors, Inc. (BTA) and oversees the Central U.S division. BTA is a nationally recognized firm dedicated to assisting owners of closely held businesses with their business succession and liquidity planning with nationally recognized expertise in the education, design and implementation of Employee Stock Ownership Plans (ESOPs). Dan joined BTA with experiences spanning many financial service disciplines including investments, insurance, fee-based financial planning, executive benefits and ESOP implementation and repurchase liability financing as Regional Director-Central U.S. for MetLife Group’s Institutional Specialized Benefit Resources and Guardian Insurance Company. Previously, Dan held several positions with General American/MetLife where as Executive Director of Sales, managed the largest financial producer group relationships and oversaw the implementation of complex cases and strategic marketing concepts and sales initiatives. Dan had risen to a nationally recognized thought leader in numerous aspects of ESOP related topics with special expertise in forecasting and managing the corporate repurchase liability inherent to privately held ESOP companies while Executive Director of GenAmerica’s and MetLife’s ESOP Departments. While the head of MetLife’s ESOP Department, he designed, implemented and successfully marketed innovative financing methods to address the legal and fiduciary obligation to “buy back” stock from exiting plan participants. Dan continues to be a sought after speaker and author throughout the country including numerous local and national financial, legal and accounting industry meetings and symposiums (SFSP, FPA, EPC, NAIFA, CLE, CPE). Dan and BTA are also frequent speakers and consultants to the some of the nation’s largest insurance companies, broker dealers, banks and insurance producer groups. Dan has authored pieces in numerous publications including the prestigious Journal of Financial...
Просмотров: 35 Ryan Tansom
Luxembourg Offshore Investment Account
We organize a Luxembourg Investment Account for you by means of the Administrator/Trustee of a Regulated, Registered, Recognized Retirement Plan. This is required so your investments are NOT a Passive Foreign Investment Company (PFIC) and there are no FATCA Foreign Financial Institution Withholding Issues. We have simplified your IRS reporting to IRS Form 8938 and FBAR only. This is a Hong Kong Excluded Employee Trust plan ( it is called excluded because you are not resident in Hong Kong) that is supervised also by the International Organization of Pension Supervisors. There are 60 member Countries. We have selected Hong Kong because the plan gives you control, allows for the greatest investment choice and because of the Financial Security and Safety of Hong Kong Regulators. The Internationally recognized Foreign Retirement Plan is Regulated, Registered and Recognized. You receive annually a 3rd Party Accounting Audit of your Account from a Hong Kong Government regulated accounting firm. The Retirement Plan Administrator Trustee opens up a nominee investment account for you in Luxembourg. We selected Luxembourg because of it has a "Triangle of Security" 100% Asset Protected segregated account safe and secure Regulator System. What I mean by nominee account is that the account is yours in number only rather than in your name. You have access via the internet. From your Luxembourg Investment account you can purchase any marketable security in the World. Most of our Clients purchase registered Mutual Funds, ETF's, Stock, Bonds which means any security with an International Security Identification Number (ISIN) can be achieved via the internet while purchasing other marketable investments require paperwork. All Transactions in your account are directed by you and are supervised by the Plan Administrator, the Custodian Bank in Luxembourg, and the Investment Account Administrator. Which means you are secure in knowing that you 4 must agree that this is for your own directed purpose.
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401k Fees - Are they robbing your expected retirement goals?
This video will show you how to see if the investment related costs in your 401k plan are devastating your potential outlook at retirement. We discuss investment related costs and fees in 401k plans, their effect over time and how to review your plan using our Fee Analyzer and Fee Checker tools. Presented by America's Best 401k http://www.americasbest401k.com We offer nationally recognized expertise, low cost investment options, high touch service, a straightforward fee structure, employer fiduciary protection and integration with Jemstep http://jemstep.com to allow for individualized asset allocation planning. All strategically designed for your needs. We're the Next Generation 401k. Visit us at http://www.americasbest401k.com to request a proposal or free plan fee benchmark. Twitter @AB401k
Просмотров: 514 America's Best 401k
American Express Hiring Collection Specialists in 48 States! Great Benefits, No College Req.
Please watch: "Get paid to listen to music and watch music videos " https://www.youtube.com/watch?v=aoqQuKTcaS8 --~-- If you are passionate about providing superior service, driving results and working for a world-class global brand, then the American Express Home Based Servicing (HBS) Collections Specialist position may be an ideal fit for you. Join a global brand recognized as a Top 100 Remote Work Company (FlexJobs) and an 8x Customer Service Award Winner (JD Power). American Express has been in existence for 160 years servicing its customers with integrity, trust, security, and quality. Today, these attributes still form the foundation of our American Express brand. American Express employees are engaged and have a passion for their work. Our continued success is solely dependent on the talent that we attract to our organization, and the response that our people make to an ever-changing environment. Every new member of our Global Servicing Network - Credit team has the opportunity to become a participant and not an observer, and by using your unique skills and background you can help us deliver superior products and services to our shareholders, customers and employees. Employees also enjoy a generous benefits package, tuition reimbursement, retirement programs, along with comprehensive medical, dental and vision plans. Additionally, our career path planning and continuing education will help you achieve your professional goals. American Express provides a competitive hourly base pay salary based on experience along with lucrative uncapped monthly bonus potential. https://axp.taleo.net/careersection/2/jobdetail.ftl?job=17005274&lang=en&utm_source=RatRaceRebellion.com
Просмотров: 346 Blog By Michelle
Become a part of Kansas State University
Kansas State University is consistently recognized by U.S. News and World Report as one of the nation's best colleges. It's only going to get better. Under the K-State 2025 plan, the university will be a top 50 public research university by 2025. Employees will play an integral part of the plan. http://k-state.edu/employment Employees at the university receive outstanding benefits, including health insurance, retirement plans, sick and vacation leave and tuition assistance. From the arts to athletics, the university makes Manhattan a classic college town that offers many amenities, including: - Big 12 sporting events, including football, basketball, baseball and more - A large recreation complex and natatorium as well as numerous parks and trails throughout the area - Cultural events and performances — including Broadway musicals, musicians and speakers — at the university's McCain Auditorium - Landon Lecture speeches by national leaders, such as U.S. Supreme Court Associate Justice Sonia Sotomayor, former Presidents George W. Bush and Bill Clinton, and former U.S. military commander Gen. David Petraeus - A vibrant and revitalized downtown that offers shops, restaurants and the new Flint Hills Discovery Center
Просмотров: 29765 K-State
Prior Service Cost in Pension Accounting
This video shows how to account for prior service cost in pension accounting. When a pension plan is amended to more (or less) benefit to employees, this increases (or decreases) the Projected Benefit Obligation, thereby decreasing (or increasing) the funded status of the pension on the balance sheet. The amount by which the Projected Benefit Obligation changes is initially booked to Other Comprehensive Income, but over time is amortized to pension expense over the average remaining service period of the employees. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Просмотров: 10472 Edspira
Secured Retirement Advisors
At Secured Retirement Advisors, we focus on comprehensive planning process first, not individual products, to help you preserve and protect your wealth. Our time tested approach helps to stop money from falling through the cracks and spend in confidence during your retirement years. It is designed to assure that any financial decision made is right for you. We start with a complimentary Three Step Review to discover your wants, needs and desires. This process has helped thousands of families design successful retirement plans. Our goal is to help you look forward and make the right planning decisions today. Our expertise in Social Security, often overlooked, creates the foundation of a solid retirement income plan that lasts a lifetime. Social security benefit decisions should be elected only after researching all options which avoids the loss of thousands of dollars in benefits over your golden years. We make sure to look at your unique situation and help develop the best income options, coordinated with reliable tax planning strategies, for you and your family. While many firms focus only on the accumulation of retirement assets, we help families design a plan to take their money back tax-efficiently so it will last through your retirement years. President of Secured Retirement Advisors, Joe Lucey, has made it his goal to put together the right plan for you. Joe is a nationally recognized financial expert. Named a Retirement Mentor by Dow Jones news service and featured weekly in Market Watch online. He hosts Secured Retirement Radio on Twin Cities NewsTalk AM 1130 Sundays at 6:00 p.m. Joe is a frequent contributor to Investment News, the Wall Street Journal and ABC Radio. He has also appeared on Fox 9, 5 Eyewitness News and KARE 11. Contact us today to set up your Three Step Review and determine whether your current strategies are consistent with your goals. Get serious about your retirement.
Просмотров: 131 SecuredRetirementAdv
BSN Headline News for June 2, 2014
Today's tops story is the Gallup Great Workplace Award. Earlier this year we told you about Bon Secours winning the Gallup Great Workplace Award for the third year in a row. The Gallup Great Workplace Award honors organizations whose employee engagement results demonstrate they have the most productive and engaged workforces in the world. Today we want to tell you that Bon Secours has actually won more awards from Gallup. Now Bon Secours has won Gallup's "Essence of Engagement" Award and the Gallup Manager of the Year award. The Essence of Engagement Award is a newly created category that recognizes organizations that demonstrate the epitome of an engaged culture and where engagement permeates throughout the organization. That of course is Bon Secours. Next, did you know that Ingrid Manley, Director of Bon Secours' Enterprise Information Services Support Center was named a finalist for the first-ever 2014 Gallup Manager of the Year Award? Ingrid has worked for Bon Secours Health System since 2007 and every year under her leadership, her department has surpassed the 90th percentile ranking for employee engagement. Our hats are off to Ingrid and the entire Enterprise Information Services Support Center. Of the awards CEO Rich Statuto is quoted as saying, "At Bon Secours Health System, we know that engaged employees are critical to quality patient care, high levels of patient satisfaction, and excellent financial results. I see the tangible differences our engaged employees make every day. Winning the Gallup Great Workplace Award for three years running and now, winning the first-ever "Essence of Engagement" award confirms again that Bon Secours is a great place to work." Bon Secours accepted the awards on May 14 at the Gallup Spring Summit in Omaha, Nebraska. Pictured here at the event are Tim Davis, BSHSI Chief Administrative Officer, Ingrid Manley, Director of Bon Secours' Enterprise Information Services Support Center, Sandra McMillian-Aljami, Director of Service Excellence, and Skip Hubbard, BSHSI Chief Information Officer. Bon Secours Health System is a great place to work and we have the results to prove it. The Gallup Geat Workplace Award...the Gallup Essence of Engagement Award...and the Gallup Manager of the Year Award. Please join us in congratulating...well...each other...for being among the most productive and engaged work cultures in the world. In other news, in our continuing series on the Bon Secours values, today our focus is on compassion. Bon Secours feels that compassion means experiencing empathy with another's life situation. Compassion is being with another as well as doing for them. This "being with" allows persons to experience acceptance, concern, hopefulness, and sensitivity. Compassion BEHAVIORAL NORMS include... • Exhibit a positive, hopeful, supportive attitude which is sensitive to the burdens and suffering of others. • Be with and empathize with those who suffer. • Treat others as you would want a member of your family or yourself to be treated. • Demonstrate care and concern in interactions with others. • Accept the humanness of others recognizing our inter-dependence. • Put service to others above self interest. • Provide an environment, including systems and structures, which are sensitive to the needs of the people we serve. • Provide, or refer persons to, supportive services which meet their spiritual emotional and physical needs. That's compassion...just one of the values of Bon Secours. Finally, regardless of where you are in your career, Bon Secours knows that retirement is an important part of your long term goals. That's why it is important for you to know that the transition to Fidelity Investments brings a change to retirement savings plans. Didn't know that BSHSI was transitioning to Fidelity? ...well, listen up. Fidelity Investments will become the new service provider for the Bon Secours Retirement Savings Plans in July. Fidelity Investments will replace VALIC. As part of this transition, those contributing to their 403(b) or 401(k)s... your retirement accounts...will only be able to designate a whole percentage of your pay as a contribution to your retirement account. So if you've designated a specific dollar amount or a fractional percentage amount...Fidelity will round down to the nearest whole percentage during the transition. Now, if your current election is already a whole percentage, there is no change. Also, to avoid the automatic conversion of your contribution, you can change to a whole percentage now. But do it before the July 8th transition date. To change your contribution election contact VALIC toll free at (877) 375-2422 before 4:00 p.m. on Tuesday, July 8th. You can also go online at VALIC.com. Now, additional details about the transition to Fidelity will be provided in a transition packet and that packet will be mailed to you in early June.
Просмотров: 131 BonSecoursHealth
Hidden Treasure In Your Employee Benefits?
CBS 2's Dorothy Tucker has these tips.
Просмотров: 168 CBS Chicago
401k Trustees - What Your 401k Investment Retirement Team Really Needs
http://www.401krescueline.com 401k Plan Administrators and 401k plan trustees who saw the last video (either on our website or on our http://www.youtube.com channel), are well on their way to making sure that their company’s 401k plan is in compliance. But what is the next step? If based on the Employer Report Card, you’ve began to wonder whether or not you have the best 401k advisory team in place, this video is for you. Here is what is at stake for you: your family legacy. Your livelihood. Your employee’s financial future and their legacy. There is no margin for error when it comes to your 401k investment plan. three basic requirements your investment retirement team needs: 1. First, you want to make sure your 401k advisory team is an AIF or AIFA. The Center for Fiduciary Studies states that the AIF (Accredited Investment Fiduciary) and AIFA (Accredited Investment Fiduciary Analyst) are the first and only professional designations recognized by the Center of Fiduciary Studies to demonstrate knowledge and competence in the area of retirement plan compliance consulting. 2. Second, a 401k advisor should be acting as an ERISA 321 and 338 advisor. An ERISA 321 advisor will actually share in the compliance responsibilities. An ERISA 338 advisor would take on 100% of the investment decision making responsibilities and the associated liability. 3. Third, you must work with a 401k advisory firm that has a CEFEX certification. CEFEX stands for the Center for Fiduciary Excellence. In order to be CEFEX certified, a firm must demonstrate that they have implemented the best practice standards in their existing 401k plans. This CEFEX certification includes an onsite visit to audit the companies existing 401k retirement plans under their management. Victory Fiduciary consulting has all of these certifications and we make sure your 401k plan is stays outside of the Compliance Danger Zone by using our comprehensive compliance assessment. This report reveals your 401k plan deficiencies and vulnerabilities. This is to provide specific recommendations to help correct any compliance deficiencies. Lawsuits agains 401k plan trustees and 401k plan administrators are usually a result of 3 things: - High cost - Poor performances - Compliance deficiencies In most cases we can help you avoid lawsuits by making sure you are in compliance with ERISA regulations. To make sure your 401k is in compliance, make sure to check out our Compliance Assessment report. If you are a 401k plan administrator, 401k plan trustee, and you want to make sure your 401k plan is in compliance with ERISA regulations, simply to go http://www.401kRescueLine.com and enter your name and email address for your free Employer Report Card http://www.401kRescueLine.com
Просмотров: 132 Victory Fiduciary Consulting
Southwest Benefits Open Enrollment - We're Here to Help! (Intro to 4 Part Series)
It’s almost Southwest Airlines benefit season. We're here to help! Deciphering benefits coverage can be stressful and confusing but it is SO IMPORTANT. Charlie and Kevin have a passion for ensuring their SWA clients are well informed; especially after Charlie suffered a serious injury and had to personally navigate how the coverages work. SWA and SWAPA together offer an amazing benefits package, but it can be complicated. Between SWA and SWAPA there are FOUR enrollment periods every year! The next open enrollment window is coming up soon and we want you to be ready to make informed choices. In this video series, Charlie and Kevin will cover details about what benefits are available, how they work and some actionable information they believe will assist you in decision-making during this year's open enrollment. Our 4 part series will cover: Part 1 - SWAPA Short-Term Disability A and B, Voluntary Loss of License Insurance, SWA Loss of License and Long-Term Disability. Part 2 - Southwest Airlines Healthcare Benefits; Health Savings Plan, Choice Plus, and the Regular Plan. Part 3 - SWA and Non-SWA Life Insurance considerations. Part 4 - SWA Non-qualified Retirement Plans; Top Hat, 401(A)17 and Excess Benefit Retirement Plans. Stay tuned as Charlie and Kevin go into detail on these benefits and explain the information in an easy-to-understand way. We also recognize that some people don’t like watching these videos. No problem! Instead feel free to give us a call with your questions. We love hearing from you! (Leading Edge Financial Planning receives no monetary benefit and is not affiliated with the Southwest Airlines.) _______________________________ Be sure to SUBSCRIBE to our Vimeo channel and MAILING LIST, http://eepurl.com/dAxUQD, to be notified as more videos in this series become available. Visit our website to learn more about our financial planning services, www.leadingedgeplanning.com
Просмотров: 73 Leading Edge Financial Planning
Work With Evergreen Treatment Services!
Evergreen Treatment Services (ETS) is a great place to work! Employees at ETS work collaboratively to provide excellent patient care and support services in a highly ethical and professional manner. ETS encourages work life balance and a healthy lifestyle through a comprehensive package of benefits including paid time off, medical and dental coverage, and an employee assistance program. ETS highly values creativity and recognizes employees for exceptional job performance. Benefits include: competitive salaries, medical and dental benefits, eleven paid annual holidays, a 403(b) retirement investment plan, two weeks paid vacation in the first year, opportunities for advancement, and a friendly work environment.
Просмотров: 355 Evergreen Treatment Services
Employee's Provident Fund (EPF), New Rules of Withdrawl
Employee Provident Fund (EPF) is a scheme for the benefit of salaried employees after retirement. This fund is maintained by the Government under the Employees Provident Fund Organisation of India which is also known as EPFO. More on new rules of withdrawing EPF and what are tax benefits in EPF... For more videos and udpates visit us at: www.drsakyacurrentaffairs.com and write us at: drshakyacurrentaffairs@gmail.com
Просмотров: 62866 LIFE IS BEAUTIFUL