Taking Out A Loan On Your 401K Plan

If you are considering taking out a loan on your 401K plan it is important to know that there are certain restrictions and rules that you must take into effect. First, you want to make sure that your plan allows for participant loans. The next step would be to review the restrictions and rules according …

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What Can A Small Business Do As Its First Defense Against Employee Theft?

The Association of Certified Fraud Examiners (“ACFE”) reported in its 2012 Report to the Nations on Occupational Fraud and Abuse (“the Report”) that of 1,388 cases of occupational fraud investigated, 87% involved asset misappropriation schemes.  And, it’s not the new employees who are causing the greater fraud losses.  According to the Report the higher fraud …

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Succession planning with an ESOP

There are many ways for a business owner to successfully plan for his/her exit.  A survey conducted by the Business Enterprise Institute, Inc. shows the break down by successor type as follows: The largest allocation of 41% is to key employee(s), a co-owner, or an employee stock ownership plan (ESOP). As of 2013 there are …

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The Importance of the Plan Document

It is important to understand how your Plan works.  Those responsible for the management and oversight of the retirement plan must follow certain rules for operating the Plan, handling the plan’s money, and overseeing the firms that manage the money.  One area that is crucial to the operation of any Plan is knowing and following …

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Curious About the Real Estate Appraisal Process?

The most common type of real estate appraisal assignment is the formulation of an opinion of market value.  The following information describes each step of the appraisal process. Identification of the Assignment Parameters The appraiser will identify the client, intended users and use as well as the purpose. A crucial element to any appraisal is …

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