Cash Balance Plans

Written by: Chad Coe on January 30th, 2012 in Finance

In 1985, there were 114,000 defined benefit plans in America. By 2011, that number had shrunk to 38,000. Since 1985, some businesses have elected to replace a traditional pension plan with an alternative: a cash balance plan.1

Cash balance plans offer partners and owners of highly profitable businesses an option to ramp up their retirement savings through large pre-tax contributions. Contributions to these plans are age-dependent, so the older you are, the more you can potentially sock away for retirement.2

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Every business should consider providing or updating their company employee handbooks to reflect current trends that are highly relevant in today’s workplace. The perception that employee handbooks are bland stacks of standard policies lead some employers to become static in routines and forget to employ creative and strategic policies that can provide important benefits to the company. Consider, at least, the following five policy areas recognized as major areas of focus:
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Communicating With Your Customers

Written by: Angela Doemel on January 16th, 2012 in Marketing, Sales

Communication is the key to business growth. Without strong communication between both you and your customers and internally between staff members, your business will not progress.  Many business owners make the mistake of thinking that communication simply means the occasional chat with their employees or sending an email every so often. Unfortunately, sending out a newsletter to your customers every once in a while is not enough to keep them intrigued and loyal. In fact, it’s been said that the new generation of consumers – Generation Z (also known as the internet generation) – are generally not loyal to brand. Instead, they are loyal to those they communicate with regularly.

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John Straley, Senior Partner, Infinity Wealth Management

John’s Contact Info:  847.426.3311 or jstraley@infinitywm.com

 

 

MidwestHR: What are the products and/or services that your company provides?
John StraleyInfinity is a wealth management firm providing retirement and estate planning through strategic investment and insurance vehicles.

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