1st. Auto Inc. 1st. Auto inc. provides401(k)plan for its employees. Employees can elect a salary deferral of up to6%of compensation but not exceed$18,500. The company makes a matching contribution of 50 cents for each dollar contributed. a. Pete has decided to defer only3%of his wage because of substantial personal expenses. What advice would you give to Pete?
Selective Demand Advertising
Advertising includes communicating with people regarding a product or any service or an idea to sell or promote them. Advertising attracts the consumer towards a specific brand or to a product of a brand which enables them to buy products from that company and hence the company can prosper. Advertising is important both for the company which is in the industry for a longer period of time and even for those who are just starting up with their business. These days it is found that not only the transmission of the messages of a particular brand is done through television or radio but also it is done on the social media platform. Particularly for homegrown brands, social media has become one of the most important platforms which promote the advertising of their products and attract consumer to demand the same. The strategy to have a good advertising background is important for marketing a particular company or a brand.
Primary Demand Advertising
This topic is significant in the professional exams for both undergraduate and graduate courses, especially for
Pete and Sue work for 1st. Auto Inc. 1st. Auto inc. provides401(k)plan for its employees. Employees can elect a salary deferral of up to6%of compensation but not exceed$18,500. The company makes a matching contribution of 50 cents for each dollar contributed.
a. Pete has decided to defer only3%of his wage because of substantial personal expenses. What advice would you give to Pete?
b. Sue is the company's office manager and earns$65,000. She has worked for the company for three years. Can 1 st. Auto Inc. excluded her from participating in the401(k)plan to hold down retirement contributions? Explain your answer.
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