Deferred compensationDeferred compensation is an arrangement in which a portion of an employee's wage is paid out at a later date after which it was earned. Examples of deferred compensation include pensions, retirement plans, and employee stock options. The primary benefit of most deferred compensation is the deferral of tax to the date(s) at which the employee receives the income.
Trust (law)A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person.
Defined contribution planA defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.
United States Department of LaborThe United States Department of Labor (DOL) is one of the executive departments of the U.S. federal government. It is responsible for the administration of federal laws governing occupational safety and health, wage and hour standards, unemployment benefits, reemployment services, and occasionally, economic statistics. It is headed by the secretary of labor, who reports directly to the president of the United States and is a member of the president's Cabinet.
S corporationAn S corporation (or S corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any income taxes. Instead, the corporation's income and losses are divided among and passed through to its shareholders.
Harpoon BreweryHarpoon Brewery is an employee owned Americanbrewery, with locations in Boston, Massachusetts, and Windsor, Vermont. HistoryHarpoon Brewery, also known as Mass. Bay Brewing Company, Inc., was originally founded in 1986. The brewery was the first company to obtain a permit to manufacture and sell alcohol in the Commonwealth of Massachusetts in more than 15 years, and as a result laid claim to Massachusetts Brewing permit #001.
PublixPublix Super Markets, Inc., doing business asPublix, is an employee-owned American supermarketchain headquartered in Lakeland, Florida. Founded in 1930 by George W. Jenkins, Publix is a private corporation that is wholly owned by present and past employees and members of the Jenkins family.
Hy-VeeHy-Vee, Inc. (), is an American employee-owned chain of supermarkets in the midwestern United States, with more than 570 locations in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin. Stores have been in planning stages in Indiana, Kentucky, Tennessee, and Alabama.
Internal Revenue ServiceThe Internal Revenue Service (IRS) is the revenue service of the U.S. federal government. It is responsible for collecting U.S. federal taxes and for administering the Internal Revenue Code, the main body of U.S. federal statutory tax law. It is an agency of the U.S. Department of the Treasury and is led by the commissioner of internal revenue, who is appointed to a five-year term by the president of the United States.
WinCo FoodsWinCo Foods, Inc. is a privately held American supermarket chain based in Boise, Idaho. WinCo is majority employee-owned, and has retail stores in Arizona, California, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, and Washington. It was founded in 1967 as a no-frills warehouse-style store with low prices. The stores feature extensive bulk food sections, and most stores are open 24/7.Trade associationA trade association, also known as an industry trade group, business association, sector association, industry consortium or industry body, is an organization founded and funded by businesses that operate in a specific industry. Through collaboration between companies within a sector, a trade association coordinates public relations activities such as advertising, education, publishing and, especially, lobbying and political action.
PensionRetirement fundA pension (; from Latin pensiō 'payment') is a fund or pay-as-you-go scheme into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work.*As an Amazon Associate I earn from qualifying purchases.