The Department of Labor and the Internal Revenue Service mandates that all eligible employees be notified of their right to participate in your company's retirement plan. They must be given written information about the plan and must complete and sign an enrollment form indicating whether or not they will be participating in the plan.
Remember, Employer Contributions must be made by the due date of your corporate
tax returns on extension to be tax deductible.
October 2018 ::: News
The Department of Labor (DOL) is taking a very firm position that employee 401(k)
salary deferrals and employee loan repayments must be transferred from the Employer
to the Plan’s Investment Trust as soon as administratively feasible. The DOL
has said that their definition of "as soon as administratively feasible" is
the same day that the Employer makes payment of an employee’s payroll.
Alternative Payment Frequencies
Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. You can then examine your principal balances by payment, total of all payments made, and total interest paid.
United Benefit Pensions, Inc. 35 Pinelawn Road Suite 103E Melville, NY
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.