 |
Definition of 'Employer-Sponsored Plan'
A type of benefit plan that an employer offers for the benefit of his/her employees at no or a relatively low cost to the employees. If employees participate in the plan, they will benefit from its low-cost method of obtaining discounted services. The benefit to the employer is that initiating these plans usually has some tax-deductible component, and sponsoring benefits is generally a good method of retaining valuable employees.
|
 |
Investopedia explains 'Employer-Sponsored Plan'
Different classes of employer-sponsor plans include retirement saving plans and group healthcare plans.
Employer-sponsored retirement savings plans are useful for the employees because it presents them with an automatic savings device, provides tax breaks and, in some cases, offers free money in terms of employers matching the employee's contributions. Some examples of retirement employer-sponsored savings plans are 401(k)s and the some forms of IRAs.
Group healthcare plans are often seen as a premium for employees due to the rising cost of healthcare services.
|
-
The Economic Growth and Tax Relief Reconciliation Act of 2001 made it easier to prepare for the future. Will you be ready?
Read More »
-
If your nest egg has taken a hit, these conservative investments could help get you back on track.
Read More »
-
High-cost, outdated plans can prevent your retirement portfolio from thriving.
Read More »
-
-
We help you answer this important question, which is determined by whether you are considered an "active participant".
Read More »
-
We offer some solutions for the individual taxpayer as well as the small business owner.
Read More »
-
If you own a business, this may be the plan for you! Find out about its benefits and eligibility requirements.
Read More »
-
This comprehensive guide goes through what a Roth IRA is and how to set one up, contribute to it and withdraw from it.
Read More »
-
Learn about the set-up, the contributions to and the distributions from this retirement plan for certain employees of public schools and tax-exempt organizations.
Read More »
-
Read More »
-
Read More »
|
|
