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Is a PTO contribution arrangement right for your business?
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 205
Abstract: Many businesses find themselves short-staffed from Thanksgiving through December 31 as employees use, rather than lose, their remaining paid time off (PTO). One way to curtail this dilemma is a PTO contribution arrangement, whereby unused vacation hours are converted to retirement plan contributions. This brief article describes how such an arrangement might work.