Can an employee's 401k plan be moved when the employee leaves?

Can an employee's 401k plan be moved when the employee leaves?
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An employee's 401k plan monies when that employee leaves the company can be cashed out or put into a retirement account.
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They pay a dividend to their employee and deposit the dividend in a for-profit interest-bearing bank. What is the ruling ? I work in an aluminum factory in Canada. At the end of each year the company pays employees a portion of the profits. They pay employees a portion of the cash. Another part is c

Description : They pay a dividend to their employee and deposit the dividend in a for-profit interest-bearing bank. What is the ruling ? I work in an aluminum factory in Canada. At the end of each year ... ; Such as interest bank , alcohol hall , cigarettes , other things and other investments of interest banks.

Last Answer : Alhamdulillah. The portion that the company pays at the end of each year is a portion of the employee's remuneration and salary. Since this money is kept separately in a specific account for the employee ... part. Will try to determine the amount of haram part as much as possible. GOD is Omniscient.

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Last Answer : Greater for management fraud because of management's ability to override existing internal controls

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If employee is citizen of India, working in U.S and employed by company whose headquarters are in Japan then employee is classified as A. third country nationals B. third world employees C. expatriates D. host country nationals

Description : If employee is citizen of India, working in U.S and employed by company whose headquarters are in Japan then employee is classified as A. third country nationals B. third world employees C. expatriates D. host country nationals

Last Answer : third country nationals

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Last Answer : A. exposes organizational wrongdoing.

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Description : Write a program to declare structure employee having data member name, age, street and city. Accept data for two employees and display it.

Last Answer : #include<stdio.h> #include<conio.h> struct employee { char name[10],street[10],city[10]; int age; }; void main() { int i; struct employee e[2]; clrscr(); for(i=0;i<2 ... =%s",e[i].street); printf("\n City=%s",e[i].city); } getch(); }

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Description : Sharon Moro, office manager at Willow Manufacturing stated, We d had manufacturing work cells in place for at least two years, but change didn t really happen until we added teamwork. To ... Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing. 

Last Answer : (c) Individual employee success was recognized and celebrated.

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Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Description : Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Last Answer : There are a number of restrictions and requirements regarding early withdrawals from a 401K. Additionally, the IRS regulations often change. Your best bet is to discuss your situation with your fund manager or consult with your tax professional.

What is the difference between a 401k plan and an IRA?

Description : What is the difference between a 401k plan and an IRA?

Last Answer : They are basically the same thing but have different names. The only other difference is will be the deductibility of the 401K compared to the IRA.

How do cash balance plans differ from a 401k plan?

Description : How do cash balance plans differ from a 401k plan?

Last Answer : A 401k plan invest your money for you. A cash balance may earn a small amount of interest but has no risk.

How can I cash in my 401K plan?

Description : How can I cash in my 401K plan?

Last Answer : You can cash in your 401K plan upon retirement or after a penalty before your retirement age.

Who can enroll into a 401K plan?

Description : Who can enroll into a 401K plan?

Last Answer : A legalized us citizen can enroll into a 401k plan

how can i get refunded for overcontribution to my 401k plan the previous year?

Description : how can i get refunded for overcontribution to my 401k plan the previous year?

Last Answer : Your 401k plan administrator will automatically reimburse you when you make an over contribution. You will also receive a form for tax reporting.

how do i get a loan against my 401k plan and pay back through my job ?

Description : how do i get a loan against my 401k plan and pay back through my job ?

Last Answer : i am on long term dis-ability and would like to withdraw all my vested monies from my t rowe price 401k and i need it now i am very sick what are the steps i should take immediately thank you hi,im edna wilson i would like to borrow 400.oo my 401k pls.pay back with job.

How to Set Up a 401k Retirement Plan Without an Employer?

Description : How to Set Up a 401k Retirement Plan Without an Employer?

Last Answer : Not everyone works for a company that supplies its employees with 401k retirement plans. Many companies simply do not offer them. Other people may be independent contractors or small business owners. Whatever ... income than what was contributed into the plan during a certain part of the tax year.

Why should one rollover a 401k plan?

Description : Why should one rollover a 401k plan?

Last Answer : Many times, when you leave an employer, they may ask you to take your 401k plan with you, especially if the plan balance is low. In these cases, many people chose to rollover the 401k instead of cashing it out.

Can I roll over my 401k plan from my last employer to my IRA account?

Description : Can I roll over my 401k plan from my last employer to my IRA account?

Last Answer : Yes you can in fact do this. You will have to speak to the company who has your IRA and discuss with them the steps in order to do this.

How do you terminate a 401k plan?

Description : How do you terminate a 401k plan?

Last Answer : The details of how to terminate a 401k plan should be included in the plan itself. Depending on the plan there may be limitations or fines involved in actually terminating the plan itself.

Never Touch Your 401k Retirement Plan?

Description : Never Touch Your 401k Retirement Plan?

Last Answer : When something big comes up, such as the need for a new car, you may be tempted to use the money in your 401k retirement plan to pay for it. This is possible, but it is not wise. ... gratification of a new purchase quickly, but you will not have enough money to retire comfortable in the long run.

What is a 401k plan and how does it work?

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Last Answer : A 401k plan is some sort of savings program and it involves forms. You must fill out these forms in order to apply for a 401k plan. It is a government program.

Can you explain what a 401k plan is?

Description : Can you explain what a 401k plan is?

Last Answer : A 401k plan is a retirement plan. Unlike a savings account you can withdraw money instantly but for a retirement plan you cannot touch that money till you reach the recommended retirement age.

What is the tax consequence of the 401k retirement plan?

Description : What is the tax consequence of the 401k retirement plan?

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Who can I talk to about my 401k retirement plan?

Description : Who can I talk to about my 401k retirement plan?

Last Answer : You can talk about your 401k retirement plan to people that know about retirement or companies that deal with retirement. Basically it is best to talk to people that deal with retirement.

How much is this employee contributing to his her retirement savings plan each pay period?

Description : How much is this employee contributing to his her retirement savings plan each pay period?

Last Answer : What is the answer ?

Which of the following statements reflects an auditor's responsibility for detecting fraud and error? a. An auditor is responsible for detecting employee errors and simple fraud, but not for discovering fraud involving employee collusion or management overrideAn auditor should design the auditto provide reasonable assurance ofdetecting errors and fraud that arematerial to the financial statements.c. An auditor should plan the audit to detecterrors and fraud that are caused bydepartures from the applicable FRF.d. An auditor is not responsible fordetecting errors and fraud unless theapplication of PSAs and PAPs would resultin such detection

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Last Answer : An auditor should design the audit to provide reasonable assurance of detecting errors and fraud that are material to the financial statements.

Regarding the new health plan, will larger companies downsize to eliminate the requirement to purchase health coverage for their employees?

Description : Regarding the new health plan, will larger companies downsize to eliminate the requirement to purchase health coverage for their employees?

Last Answer : A large company owner was interviewed on TV a few days ago. He has a lot of employees & he pays for their healthcare. It costs him about $300,000 a year to pay for it. With new plan, he could ... But not everyone is a good guy', so I see lots of companies taking the low road on this scenario.

In this state, each employee’s insurance plan is considered primary for him or her, which means Mrs. Gonzales’s HMO is her primary payer and the $25 copay from her last visit is now past due, because she wanted this submitted to her husbands insurance?

Description : In this state, each employee’s insurance plan is considered primary for him or her, which means Mrs. Gonzales’s HMO is her primary payer and the $25 copay from her last visit is now past due, because she wanted this submitted to her husbands insurance?

Last Answer : The insurance company refused coverage because of a $1000 yearly deductible, which has not yet been met. How will you handle this?

If you worked for Chevron in the 70s, is there a pension plan available for former employees If so, how do I obtain information?

Description : If you worked for Chevron in the 70s, is there a pension plan available for former employees If so, how do I obtain information?

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What is the most critical aspect in developing a project plan that meets project specifications within the timeframe and at the lowest costs? Select one: a. Assessing risk managemenc. Emphasizing error prevention and customer satisfaction d. Requiring commitment to quality by all the employees and business partners e. Developing a project execution plan that matches the complexity level of the projectt b. Providing documents that specifically comply with the quality standards in use

Description : What is the most critical aspect in developing a project plan that meets project  specifications within the timeframe and at the lowest costs? Select one: a. Assessing risk management b ... business partners e. Developing a project execution plan that matches the complexity level of the project

Last Answer : e. Developing a project execution plan that matches the complexity level of the project

Which of the following factors or conditions is an auditor least likely to plan an audit to discover? a. High turnover of senior management. b. Inadequate monitoring of significant controls. c. Inability to generate positive cash flows from operations. d. Financial pressures affecting employees

Description : Which of the following factors or conditions is an auditor least likely to plan an audit to discover? a. High turnover of senior management. b. Inadequate monitoring of significant controls. c. Inability to generate positive cash flows from operations. d. Financial pressures affecting employees

Last Answer : Financial pressures affecting employees

The following is NOT a benefit of Strategic ManagementA. Resistance to change is reducedB. Reduces gaps/overlaps in activities among employees C. All of these options are correctD. Formulates a clear defect reduction plan in the quality department

Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Last Answer : Formulates a clear defect reduction plan in the quality department

The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Last Answer : Formulates a clear defect reduction plan in the quality department

I have a revolutionary idea for the workplace, a new concept in employee sabbaticals and leaves of absence. What do I do with it?

Description : I have a revolutionary idea for the workplace, a new concept in employee sabbaticals and leaves of absence. What do I do with it?

Last Answer : That sounds exciting to me. I don't know about sharing it with your current employer, but I would recommend sharing it with a company that is known as being progressive in regards to human relations (as ... about a win-win idea, so definitely get it out there in some fashion. See ya .Gary/wtf

Wanting to take money out of 401k, does there need to be a reason?

Description : Wanting to take money out of 401k, does there need to be a reason?

Last Answer : answer:TL;DR - It depends, but probably. Rules vary a ton between plans. They're always going to ask and there are some good, helpful, reasons for them to. There are also a few steps to ... best first step is probably to give them a call and just ask questions until you know all your options.

Although I'm no longer employed, I have a 401K account through a former employer. Is there a way for me to continue contributing to that 401K account?

Description : Although I'm no longer employed, I have a 401K account through a former employer. Is there a way for me to continue contributing to that 401K account?

Last Answer : I am not a financial wizard or anything, but I’m pretty sure you can not continue contributing to that account. Have you looked into rolling it over into an IRA and then you can add your contributions to that IRA.

Would it be wise to use your 401K to pay off your house?

Description : Would it be wise to use your 401K to pay off your house?

Last Answer : Depends on the interest rate of your mortgage and if you'll incur a penalty for early withdrawal, but generally speaking, no. With regard to the early withdrawal penalty, the magic number is 59 and ½. Let' ... could earn more than 5% if you invest it. But as I say, YMMV, depending on your situation.

Is this a smart idea, to take a loan out of my 401k for?

Description : Is this a smart idea, to take a loan out of my 401k for?

Last Answer : answer:I think you should start a side fund, if you can, to save money for your venture, rather than to touch your 401K. I was in a financial pinch a while back for about the same amount of money and ... s something that can wait a month or two for you to pull together the money, I'd wait and save.

How can I find out whether I have a 401k from an old job?

Description : How can I find out whether I have a 401k from an old job?

Last Answer : There will be someone at the company designated as the 401K administrator, probably in Human Resources or Payroll. Call and ask who that is and speak to that person.

How is your 401K doing?

Description : How is your 401K doing?

Last Answer : This past year—it’s value increased between 5 and 6%.

Where can I find any information on guaranteed retirement account proposals and claims of confiscation of 401k funds?

Description : Where can I find any information on guaranteed retirement account proposals and claims of confiscation of 401k funds?

Last Answer : answer:I hadn't even heard the term until you mentioned it. It's all news to me. I did a google search for Guaranteed Retirement Account and found the same links you can find doing that search. So I ... right-wingnuts. I don't know yet, but it's something else to know about'. Thanks for the Q.

Why are businesses rarely offered precious metal mutual funds by their 401k management company?

Description : Why are businesses rarely offered precious metal mutual funds by their 401k management company?

Last Answer : Even in mutual fund market, precious metals are very high risk and may burn even very savvy fund managers

How is your 401K doing?

Description : How is your 401K doing?

Last Answer : This past year—it’s value increased between 5 and 6%.

Can you lose money in your 401K?

Description : Can you lose money in your 401K?

Last Answer : Yes you can. If you’re invested in something, and it loses money, you lose money.