An individual who is paid to provide a service within a residence. Examples include babysitters, nannies and housekeepers. Independent contractors such as repa···

A class of employee that is permitted to deduct work-related expenses on Schedule C instead of Schedule A. Statutory employees are usually salespeople or other···

A retirement plan that an employer or self-employed individuals can establish. The employer is allowed a tax deduction for contributions made to the SEP plan a···

A restructuring strategy in which employees buy a majority stake in their own firms. This form of buyout is often done by firms looking for an alternative to a···

The Employee Retirement Income Security Act of 1974 (ERISA) protects the retirement assets of Americans by implementing rules that qualified plans must follow···

A division of the Department of Labor (DOL) charged with enforcing the rules governing the conduct of plan managers, the investment of plan assets, the reporti···

A business strategy where a company will hire fake employees to make a business look busy. Rented employees are sometimes used when a big client is coming into···

A system that became effective in 1987 and replaced the Civil Service Retirement System (CSRS) as the primary retirement plan for U.S. federal civilian employe···

A pooled investment account provided by an employer that allows employees to set aside a portion of their pretax wages for retirement savings or other long-ter···

A company-run program in which participating employees can purchase company shares at a discounted price. Employees contribute to the plan through payroll dedu···

A professional designation available in both the United States and Canada that indicates a human resource professional's expertise in employee benefits. The pr···

A trust fund established by an employer on behalf of its empoyees, in which the company is the grantor and its employees are the beneficiaries. The person resp···

A qualified, defined contribution, employee benefit (ERISA) plan designed to invest primarily in the stock of the sponsoring employer. ESOPs are "qualified" in···

A stock option granted to specified employees of a company. ESOs carry the right, but not the obligation, to buy a certain amount of shares in the company at a···

A program that facilitates the acquisition and distribution of a company's shares to its employees. Taobiz explains Employee Share Ownership Trust - ESOTESOTs···