Top Player Salaries Average Player Salary The average baseball salary on opening day, based on salary studies by the the Associated Press, and the percentage increase or decrease. Figures were obtained by the AP from management and player sources and include salaries and pro-rated shares of signing bonuses.
Is the SEP IRA a good retirement plan option for a family business employing their children? Yes. The SEP IRA is very egalitarian and requires that contributions for employees be at the same percentage of income as for the business owner. SEP IRA contributions are made by the employer and the contributions are vested immediately.
The IRS will now review restated plan documents either every five or six years, depending on the type of plan document (individually designed, pre-approved prototype, or volume submitter). Pre-approved plan documents (also referred to as prototype and volume submitter) will be required to be restated every six years. For employers sponsoring individually designed plans who have a 1 or 6 as the last digit of their EIN, plan amendments and IRS submissions are due by January 31, 2007.