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Essentials of Retirement Planning by Eric J. Robbins

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Chapter 8

Designing Benefit Offerings

Introduction

Talk with any prospective new employee and one of the first considerations on his or her mind is how much he or she will be compensated for employment services. Compensation comes in various forms: wages, bonuses and commissions, overtime, and various other soft forms of compensation. For retirement planning purposes, what comprises compensation is very important for discrimination testing purposes.

What would you think if I told you that there are ways to legally skew benefits in favor of either those who are considered highly compensated employees (HCEs) or those who are older employees? Nuts…not entirely. You will learn about these options and more in Chapter 8.

Learning Goals

Explain why ...

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