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Release Date: April 8, 2008
Release Number: 08-444-NAT
Contact Name: Gloria Della/Richard Manning
Phone Number: 202.693.8664/202.693.4676
Washington – The U.S. Department of Labor
today released a new online video to help small employers and
accountants understand the various options for providing a retirement
program for their employees. “Choosing a Retirement Solution for Your
Small Business” introduces employers to the three most popular
retirement arrangements.
The video portrays real-life experiences of four
small employers that operate simplified employee pension (SEP), savings
incentive match plan for employees individual retirement arrangement
(SIMPLE IRA) and 401(k) plans. It focuses on the ease in setting up a
retirement program appropriate for small business owners as well as the
advantages of sponsoring a retirement plan, including tax breaks and as
a tool to attract and retain a quality workforce.
“Today, there are many retirement plan options for
small employers. The experiences of the small business owners featured
in the video show how simple and valuable a retirement plan can be for
small businesses,” said Assistant Secretary of Labor for Employee
Benefits Security Bradford P. Campbell.
The video
is available online for download. Visitors to the site also may
place DVD orders. The video was developed with the assistance of the
American Institute of Certified Public Accountants, which partners with
the Labor Department in educating accountants on retirement savings
options.
Free copies of a companion booklet of the same title
is available online at www.dol.gov/ebsa (under Publications) or by
contacting the Employee Benefits Security Administration toll-free at
866.444.3272.
U.S. Department of Labor news releases are accessible on the
Department's Newsroom
page. The information in this news release will be made available
in alternate format upon request (large print, Braille, audio tape or
disc) from the COAST office. Please specify which news release when
placing your request at 202.693.7828 or TTY 202.693.7755. The U.S.
Department of Labor is committed to providing America's employers and
employees with easy access to understandable information on how to comply
with its laws and regulations. For more information, please visit the
Department's Compliance
Assistance page.
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