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Open Book Management: Helping to Eliminate the Emotional and Subjective Conversations

  
  
  

Open The Books - The Minds Will Open is a blog post that discusses the benefits of open-book management:

Smart companies have recognized that using open book management helps eliminate the emotional and subjective conversations. Open book management is based on the numbers - the facts (unless the organization is so corrupt it cooks its books). Business is about numbers - sales, expenses, inventory, profits, cash, stock value and more.

The fundamental purpose of a company is to offer a service that makes money. If your employees do not understand how their every day actions contribute to the bottom line, I will venture to say that you have a lot of unresolved issues in your company that drive you nuts.

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2012 IRS Pension Plan Limits

401(k) Deferral Limit - $17,000

Annual Additions Limit - $50,000

Maximum Compensation Limit - $250,000

Catch-Up Contribution Limit - $5,500

Highly Compensated Employee - $115,000

ESOP 5-Year Distribution Threshold - $1,015,000

ESOP Additional Year Threshold - $200,000

2012 Pension Plan Limits

1989 - 2012 Plan Limits