The Plan is a defined contribution plan available to all eligible employees, and their beneficiaries, of Waste Management, Inc., and subsidiaries (“Waste Management” or the “Company”). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
Secondly, who does waste management use for 401k?
Plan Service Providers
| SERVICE | PROVIDER |
|---|---|
| Corporate Trustee | Bank of America Merrill Lynch |
| Investment Adviser | Bank of America Merrill Lynch |
| Recordkeeper | Bank of America Merrill Lynch |
| Auditor | Weaver and Tidwell |
Hereof, what is an employer retirement plan?
An employer-sponsored plan is a type of benefit plan offered to employees at no or relatively low cost. These plans, such as a 401(k) or HSA, cover an array of services including retirement savings and healthcare. … Also, sponsoring benefits is seen as a way to recruit and retain valuable employees.
Is Waste Management good to work for?
“Waste Management is a great company to work for. The culture and benefits they provide for their employees put them far ahead of many companies. I would recommend Waste Management as a wonderful company to work for to anyone looking for a change in career.” … “Good job security.
What is the benefit of Waste Management?
Environmental benefits of proper waste management:
Proper waste removal helps improve air and water quality as well as reduces greenhouse gas emissions. It helps in minimising the extraction of resources along with reducing pollution and energy consumption which is associated with manufacturing new materials.
What are the 3 types of retirement?
Here’s a look at traditional retirement, semi-retirement and temporary retirement and how we can help you navigate whichever path you choose.
- Traditional Retirement. Traditional retirement is just that. …
- Semi-Retirement. …
- Temporary Retirement. …
- Other Considerations.
Are you covered by an employer’s retirement plan?
Yes. The IRS considers you covered by an employer’s plan if you were covered at any time during the tax year. According to the IRS: … Defined benefit plan (pension plan that pays a retirement benefit spelled out in the plan) and you are eligible to participate for the plan year ending with or within the tax year.”
What are the two types of pension plans?
There are two main types of pension plans the defined-benefit and the defined-contribution plans.