What are some of the policy decisions to consider before establishing a retirement plan?
When considering the establishment of a retirement plan, several principal policy-making decisions must be brought into preliminary focus. These are:
Should the retirement benefit be formal or informal? [see ¶47,220
]
What is the difference between qualified
and nonqualified
plans? [see ¶47,230
]
Will the retirement plan be financed on a profit-sharing basis? [see ¶47,240
]
Will the retirement plan be contributory or noncontributory? [see ¶47,250
]
Should the employer promise a set level of contributions or a set level of benefits? [see ¶47,260
]
Will one plan be enough or should there be a retirement package? [see ¶47,310
]
Should the retirement plan be trusteed or insured? [see ¶47,320
]
Reprinted with permission. © CCH<p>When considering the establishment of a retirement plan, several principal policy-making decisions must be brought into preliminary focus. These are:</p>
What are some of the policy decisions to consider before establishing a retirement plan?
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