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Tag: tax deferred

What is 401(k) profit sharing?

What is 401(k) profit sharing? Around the holidays, many businesses consider providing bonuses to their employees. Some businesses choose to provide their employees with a year-end bonus in a slightly more unique way than just a normal cash bonus. This is done through 401(k) profit sharing. Let’s take a look

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What is deferred compensation?

Attracting and retaining key employees is key to the long-term success of any business. There are many strategies to achieve this, such as offering competitive salaries and strong benefits. Another strategy that businesses use is to offer a deferred compensation plan to certain employees. Continue reading for more information on

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