Individual Retirement Plan

privacy envision Proposal and Communication Plan loneliness Plan Proposal and Communication Plan In this composition various hidea focus innovations leave be discussed along with presentation of design of hideaway intentions and communication stick out to management. This paper will as well allow in a communication plan that will help in support employee participation. HR leader plays an important role in making retirement plans for the employees of the organic law. He forms a proposal in such a way that the employee gets benefit from the retirement plans. He makes a proposal link to the retirement plans and presents this proposal in front of the management. The proposal should comprise of all specific requirements of the Employee Retirement Income Security Act of 1974 that an organization should fulfill to make this proposal effective. He also makes a communication plan in addition to the proposal for encouraging the participation of employees. Retirement Plans Retirement plans are those plans that provide benefits to the employees after their retirement to secure their future. These retirement plans are very face-saving for the future of employees, as they financially support the employees in the old age of their retirements. The main retirement plans proposed by the companies, to provide retirement benefits to employees are 401(k), 403(b) plan, etc. (Beam & McFadden, 2004). 401(k) plan 401(k) plan is one of the about famous and important retirement plans for employees. This plan comes to a tear down place defined contribution plans of employment-based retirement plans. In this plan, employers divulge a qualified plan for the eligible employees of the organization. These employees contribute moderately amount from their salary on pre-tax and post-tax basis. The profit-sharing feature is also added in this plan, and it also includes contributions on the behalf of employers (Mathis & Jackson, 2008). 403(b) plan This plan also comes under defined contribu! tion plans of employment-based...If you want to get a sound essay, order it on our website: OrderCustomPaper.com

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