Question

Compare the retirement (401K) benefits of Target and Walmart

Answer 1

The retirement 401 k plans in Target:

The company has contribution plan 5%of the employee pay.

Also helps to retirement income plan and choosing the portion of pay for the tax payment .

The employee who is paid for more than 1000 hours of employment is eligible for this plan.

The employee who deposits about 5% of his pay and in return the target refunds its dollar for dollar .

The employees are allowed to invest for low expense investment funds.

it provides the chance to create a plan for their age to lead a peaceful retirement life .

The employees have choice to receive online suggestions to improve the retirement plans with no cost.the investment experts will available with additional fee and they provide the better investment plan as well.

The Target benefit plan depends on the replacement ratio of the employee which is the gross income after retirement by income before immediate retirement

Target is best retail industry which helps its employees to plan better future plans .

The retirement 401 k plans in Walmart:

the Walmart also have the future retirement plan for its employees with the contribution of 6% of employees pay,

employee have option to purchase the share and purchased shares of the employee are equal to 15% .

The employees can choose 13 investment options of component plan and 14 options for the profit sharing plan.

the employee have discount of 10% in the shopping at Walmart outlets.