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  2. Pension - Wikipedia

    en.wikipedia.org/wiki/Retirement_plan

    The 401(k) is the iconic self-funded retirement plan that many Americans rely on for much of their retirement income; these sometimes include money from an employer, but are usually mostly or entirely funded by the individual using an elaborate scheme where money from the employee's paycheck is withheld, at their direction, to be contributed by ...

  3. Employee compensation in the United States - Wikipedia

    en.wikipedia.org/wiki/Employee_compensation_in...

    In an ERISA-qualified plan (like a 401(k) plan), the company's contribution to the plan is tax deductible to the plan as soon as it is made, but not taxable to the individual participants until it is withdrawn. So if a company puts $1,000,000 into a 401(k) plan for employees, it writes off $1,000,000 that year.

  4. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payrolling

    Gross pay for salaried employees is an amount that is set for every payroll unless there are bonuses or other pay involved. If a salaried employee has a salary of $40,000 per year, then their base gross pay will be $40,000 per year, plus any bonuses. For hourly employees, their gross pay can vary from one check to the next. An hourly employee's ...

  5. General Schedule (US civil service pay scale) - Wikipedia

    en.wikipedia.org/wiki/General_Schedule_(U.S...

    The General Schedule ( GS) is the predominant pay scale within the United States civil service. The GS includes the majority of white collar personnel (professional, technical, administrative, and clerical) positions. As of September 2004. , 71 percent of federal civilian employees were paid under the GS.

  6. Solo 401(k) - Wikipedia

    en.wikipedia.org/wiki/Solo_401(k)

    A Solo 401(k) (also known as a Self Employed 401(k) or Individual 401(k)) is a 401(k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s). The general 401(k) plan gives employees an incentive to save for retirement by allowing them ...

  7. Defined benefit pension plan - Wikipedia

    en.wikipedia.org/wiki/Defined_benefit_pension_plan

    The benefit in a defined benefit pension plan is determined by a formula that can incorporate the employee's pay, years of employment, age at retirement, and other factors. A simple example is a dollars times service plan design that provides a certain amount per month based on the time an employee works for a company. For example, a plan ...

  8. Compensation and benefits - Wikipedia

    en.wikipedia.org/wiki/Employee_reward

    There is a wide variety of benefits offered to employees such as Paid Time-Off (PTO), various types of insurance (such as life, medical, dental, and disability), participation in a retirement plan (such as pension or 401(k)), or access to a company car, among others. Some benefits are mandatory which are regulated by the government while others ...

  9. Federal Employees Retirement System - Wikipedia

    en.wikipedia.org/wiki/Federal_Employees...

    The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service.FERS became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector.

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