A new employee joins your company at age 24 making $40,000 per year. Currently, banks are paying 5% interest on saving accounts, and the rate of return on the company stock is 4% per year. During benefits enrollment, the employee stated that she would like to retire at age 60 with 3 million dollars in her retirement account.Compare the following retirement options for this particular employee in 1,050 to 1,400 words:403B401KPensionAnnuitiesIRAEstate planningDetermine which retirement option(s) you would choose if you were this employee.Assess the factors that this employee should consider when selecting a retirement plan.Format your paper consistent with APA guidelines.
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Retirement Plan Selection Grading Guide
HRM/324 Version 4
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Retirement Plan Selection
HRM/324 Version 4
Individual Assignment: Retirement Plan Selection
Purpose of Assignment
It is important to be able to articulate the various retirement options available at an organization as an HR
practitioner. This paper will compare various retirement options and allow the student to determine which is the
best retirement option, and to assess what factors to consider when selecting a retirement option.
Grading Guide
Content
Met
Partially
Met
Not Met
Total
Available
Total
Earned
7
#/7
Partially
Met
Not Met
Comments:
The student compares the following
retirement options for the employee:
•
•
•
•
•
•
403B
401K
Pension
Annuities
IRA
Estate planning
The student determines which retirement
option(s) they would chose if this employee.
The student assesses the factors this
employee should consider when selecting
their retirement plan.
The paper is 1,050 to 1,400 words in length.
Writing Guidelines
The paper—including tables and graphs,
headings, title page, and reference page—is
consistent with APA formatting guidelines and
meets course-level requirements.
Intellectual property is recognized with in-text
citations and a reference page.
Met
Comments:
2
Retirement Plan Selection
HRM/324 Version 4
Writing Guidelines
Met
Partially
Met
Not Met
Total
Available
Total
Earned
3
#/3
10
#/10
Paragraph and sentence transitions are
present, logical, and maintain the flow
throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed
including spelling and punctuation.
Assignment Total
Additional comments:
#
Comments:
3
…
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