Private Eyes Inc.



In this issue    
Vroomgirls are Live!
Most Retailers Rely on Background Checks
What is a 401(k) Plan?

PEI Services

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Industry Specific Services 

We are proud to announce that is now certified through WBENC as a Woman Owned Business.  

We have automated the ordering process on our new website as well as allowed for credit card ordering.


The process is completely automated! Come check it out at:

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Announcement: can now be used to not only verify Income but as a way to also verify Employment.  Using this program will allow one to verify sensitive information through our secure site. It is fast and easy!

Looking to run a SSA-89? can accomplish this too!

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November 2011 

Message from Our President, Sandra James 


Sandra Black and White Standing  

Thanks and giving...they do go hand in hand. I want to take a moment to give thanks and express my gratitude  for our clients, for our great staff and for my family. I am grateful that Private Eyes, Inc continues to experience significant growth while maintaining superior service levels to all our long term customers. I extend my sincere thanks to all of our clients that continue to give us the opportunity to serve as their trusted provider of pre-employment background screening. These sentiments are with me throughout the year. From myself and the entire Private Eyes Team...Thank You!


Ladies, want some help with purchasing a new vehicle? With solid facts and fun articles to help you get what you want out of a new car, makes it simple and fun to make an educated decision when buying a new car for yourself.


Curious about 401K plans? Safe Harbor Financial Services can provide financial planning information to you and make it easy!  The article provided below explains the "ins and outs" of a retirement plan. Everyone has goals for the future; why not include a retirement plan too? It is never too early to start learning about them. Check out the article below and explore their website to learn more.



VroomGirls is Live
! is the first comprehensive automotive website created by and for women. The site features jargon-free, informative new vehicle reviews, features, an advice columngirl buying car and entertaining road trip travel stories.


There's also newsy items on what's up in the car world, including how it intersects with celebrity and fashion. arms the woman who is searching for her next vehicle with solid information so she can make an intelligent car-buying decision.



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Most Retailers Rely on Background Checks 

Nearly all retailers use background checks to vet potential employees, according to the results of a National Retail Federation survey.


"As retailers across the country begin to hire hundreds of thousands of holiday employees, the National Retail Federation today released a survey that illustrates the importance of employee background screenings in keeping customers safe," read an accompanying press release published on Tuesday.


Responses from the survey, which was conducted in July, came from 96 executives from various retailers and showed that 97 percent of respondents used background screening sometime during the application process.


"Pre-employment screenings are one of the tools retailers use as a first line of defense, especially during the holiday season when companies may have hundreds--if not thousands--of applications to sift through," NRF senior asset protection advisor Joe LaRocca said.


Most of the background checks (60 percent) examine records available from the last five to seven years. These records often include credit history, criminal records, motor vehicle records, and education records.


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What is a 401(k) Plan?  


 A 401(k) plan is self-directed, qualified retirement plan established by an employer to provide future retirement benefits for employees. Employee contributions are made on a pre-tax basis, and employer contributions are often tax deductible. (Roth 401(k) contributions are made after-tax, but qualified withdrawals in retirement are free of federal income tax.) Many employers are now enrolling new hires automatically in 401(k) plans, allowing them to opt out later if they choose not to participate. This is done in the hope that more employees will participate and will start saving for retirement at an earlier age.

If you elect to participate in a 401(k) plan, you can allocate a percentage of your salary to your plan every month. The maximum annual contribution is $16,500 in 2011. If you will be 50 or older before the end of the tax year, you can
contribute an additional $5,500. Contribution limits are indexed annually for inflation. The funds in your account will accumulate tax deferred until you begin taking distributions in retirement.
Employer contributions are often subject to vesting requirements. Employers can determine their own vesting schedules, making employees partially vested over time and fully vested after a specific number of years. When an employee is fully vested, he or she is entitled to all the contributions made by the employer when separating from service.
In plans that offer loans, you may also be allowed to borrow money from your account (up to 50% of the vested account value or $50,000, whichever is less) with a five-year repayment period. Of course, if you leave your job, the loan may have to be repaid immediately.
The funds in a 401(k) plan are portable. When you leave your job or retire, you can move your funds or take a taxable distribution. However, if you leave a company before you are fully vested, you will be allowed to take only the funds that you contributed yourself plus any vested funds, as well as any earnings that have accumulated on those contributions.
Within certain limits, the funds in your 401(k) plan can be rolled over directly to your new employer's retirement plan without penalty. Alternatively, you can roll your funds directly to an individual retirement account (IRA) instead.
Generally, you must begin taking required minimum distributions from 401(k) plans no later than April 1 of the year after you reach age 70. Distributions from regular 401(k) plans are taxed as ordinary income and may be subject to a 10% federal income tax penalty if withdrawn before age 59, except in special circumstances such as disability or death.
A 401(k) plan can be a great way to save for retirement, especially if your employer offers matching contributions. If you are eligible to participate in a 401(k) plan, you should take advantage of the opportunity, even if you have to start by contributing a small percentage of your salary. This type of plan can form the basis for a sound retirement funding strategy.



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Sandra James
President, CEO
Private Eyes, Inc.