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Strengths and weaknesses of financial literacy
Strengths and weaknesses of financial literacy
Strengths and weaknesses of financial literacy
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he GRP Select Employer Retirement Plan
Provide a superior retirement plan, have potential cost savings, and spend less time with plan administration
The advantages of the GRP Select Employer Retirement Plan
Potential cost savings
• Complete open architecture
• No costs associated with plan document maintenance, restatement or amendment responsibilities
Participant education and resources,
Empower Retirement
• Online tutorials
• Award-winning participant education
• Quarterly statements
• Electronic participant newsletters
• Online requests for loans, distributions and hardships
• Online investment fact sheets and prospectuses
• Annual fee disclosure statements
• Onsite participant education*
*minimum of 15 employees must attend
Fiduciary support
…show more content…
Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker dealers.
GWFS Equities, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company. Recordkeeping and administrative services are provided by Empower Retirement.
Empower Retirement refers to the products and services offered in the retirement markets by Great-West Life & Annuity Insurance Company (GWL&A), Corporate Headquarters:
Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: NY, NY; and their subsidiaries and affiliates. The trademarks, logos, service marks and design elements used are owned by GWL&A. ©2017 Great-West Life & Annuity Insurance Company. All rights reserved. 05/2016 PT265823
FOR PLAN SPONSOR OR BROKER USE ONLY. Not for Use with Plan Participants.
Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government
You have received a variety of key features documents to help you decide which pension product to have. If you have any queries regarding the key features documents, or anything about this suitability report then please do not hesitate to contact us. This document should be kept with your client agreement, and these documents were given to you at your last meeting.
Wolford General Partnership (WGP) operates plumbing supply business which is also an exclusive supplier for certain stable construction firms. Because of its excellent reputations and services, WGP is able to an extremely profitable entity for the business. WGP uses an accrual method of accounting and has been using June 30 fiscal year for the tax report purpose after its election of §444 since its formation.
Which sense that, Sun Life earns more net income per $1 of sales than some or even most of its competitors. Sun life’s days’ sales uncollected 58.8days7 is favorable when compared to its industry’s average of 98.59 days. This means that Sun Life access its money in receivables faster than some or most of its competitors. Sun life’s equity ratio shows that the owners of the company only owns 10.18%8 of the company’s assets. Compared to its industry average, Sun Life can be rated as more favorable. Sun life’s debt ratio of 90.35%9 is higher than its equity ratio this is considered risky because the huge percentage of its asset is supported by debt. However, Compared to its industry average of 93.2% it is still considered favorable. Sun life’s return on total assets is 0.798%10 this favorable compared to its industry average of
Investment opportunities with pension plan members to offer them additional services (cross-over), as well as to reinvest their pension plan earnings after they retire (roll-over). Competitors are fleeing the under one (1) million dollar segment, which represents 8.9 million households. New opportunities for online transactions, which are low cost and easy to use.... ... middle of paper ... ...
Report 2: Issues in Employment (Chapter 9). The relationship between employees and employers is often confusing and blurry. Who has the upper hand? Who is in control of the e-mail?
Social Security is on the verge of taking care of the baby boomers generation. This means that it will be paying more benefits than taxes it receives. In lay-man’s terms it means it will be spending more money than it is making. I think that you should pay into your own private retirement account for you to reap the benefits in the future. Not for you to pay into a cluster of workers money for current elders to benefit from. You need to take care of your own future and not rely on other people’s responsibility. “…people began to think retirement funding as a right…and so…started saving less” (Klay & Steen). That being said, people of a certain age should be “grandfathered” into this meaning, people of the age of say 40, still get the normal social security retirement money but anyone younger must start abiding this new reform. If you get married, keep paying into your own unless your spouse is not working. If that is the case then pay the same amount BUT put half into your own and half into your spouses. If the other spouse is working however, they should pay into their own account and you into your own.
1. I believe the criteria that should be used to determine potential layoff candidates are job seniority, job performance, acquired skills, and the ability to further develop and assist the company in moving forward. With seniority, employers can determine which employees are the most loyal to the company and those that are the most familiar with their jobs and the objectives of the company. Performance is also an important facet to consider; it makes no sense to retain a poor to average performing employee because they have more seniority than recently hired, exceptionally performing employee that is more likely to contribute to the company’s advancement. I also believe that employees with useful skills should be given preference over unskilled employees who may not be preforming adequately or require additional training to attain the skills needed to do their jobs. Finally, in their ultimate decision of who to layoff, companies
Over 217,000 employees work for the 73 businesses with the annual revenues of $98.539 billion in 2006 (Yahoo finance, 2007). However, only 19 employees work at home office located in Omaha. One of the companies that Berkshire Hathaway holds is GIECO (Government Employees Insurance Company). In 1994, GIECO was wholly owned by Berkshire Hathaway. Its market share was increased from 2.7 percent to 4.1 percent with additional $590 million in cash from operating earnings in spite of decline in in...
ING is one of the 20 largest financial structures in the world and within the top ten in Europe. A dutch-founded company, ING offers a variety of products lines in the insurance industry. It offers insurance services in the Americas, in Europe as well as in Asian countries. ING also does retail and wholesale banking all over the world. ING was the first European enterprise to enter the life insurance market in countries such as Japan, Taiwan and South Korea. Life insurance policies in Asia are different than policies in the rest of the world. Asian life insurance policies include a savings aspect as well the life insurance component. Jacques Kemp has recently become the CEO of the Asia/Pacific subdivision of ING Insurance and is attempting to prepare his firm for the future competition they will face.
As of October 17, 19996, Mr. Bruce Goldberger has been a Client with VALIC (Variable Annuity Life Insurance Company) under his Employer (University of Florida) sponsored group plan. Mr. Goldberger currently has 8 active contracts with a combined total of $632,571.25. Mr. Donald Hartman has been Mr. Goldberger’s appointed agent as of 2015.
Employment law (EL) is the body of law which oversees the relationship between employers and their employees. Employment law is a broad field but key elements of employment law are the employment rights which are instructed upon both the employee and the employer. The Employment Law covers key elements such as Pay, Discrimination, Equality, Employment rights, responsibilities, health and safety etc.
Annuity is known as the set of equal series of payments, which is made each year. Previously, people used to pay a specific amount to the governments and in return the government used to give benefits to those people. There are several characteristics of annuity such as it is considered as a viable investment driver, which is only considered as the only suitable option in commercial investments because of the nondeductible nature of the annuity. In addition to this, there is no limit as well and annuity holder could invest unlimited funds in an investment and contribution plan.
While employment agencies can provide the above benefits to companies and job seekers alike, not all agencies are necessarily the right match. Depending on the needs, either as an employer or the job seeker, different agencies might be more suited for you. Therefore, you want to pay attention to finding the right match.
Retirement comes early for most people. Early meaning that we are not ready for what comes with it. Most people would love to retire today, but unfortunately it is nearly impossible. It takes a lifetime for a person to become financial stable and adequately equip with assets that have been gained throughout someone’s life. Everyone must start young, in fact the sooner the better. Any money, or savings that can be applied today will always come with an enhanced future. So is it worth it to work harder and save now in order to possibly access a pleasant retirement? With out effort now we will be dependent on other sources in our retirement years, sources that may not come through for everyone who needs it. There are three ways to help Americans be better prepared now. These methods include saving money now, and investing in sources with returns. Do not become one of the millions of Americans who fall into government assisted retirement plans by lack of preparation and planning.
The personnel Management and Human Resource management are same processes. Human Resource Management known as personal management, it is formal system for the management of the workers organization. History of Personnel Management group of people becomes an organization when they cooperate with each other to achieve same goals. But people have individual motivations, which often differ, from the corporate goals. An effective organization is one which succeeds in getting people to accept that cooperating to achieve organizational goals also helps them to achieve their own goals provided they are adequately rewarded through extrinsic and intrinsic rewards. This is achieved primarily through leadership and motivation. Employers therefore increasingly