The Marshall News Messenger du lieu suivant : Marshall, Texas • 26

u-D Sunday. March 9, 1997 News Messenger ifc iiMiai mi 111 i iini iJilliif 1 f-ATi Lack of retirement planning! can have devastating results Finance Talk If 'I 0 ill 1 Anyone who is at least 21 years of age and has one year of full-time service is eligible to participate in the 401(k) plan. One year of full-time service equals 1 ,000 hours; employees who work less than 1,000 hours may be excluded. Employers can choose from a wide range of investments for 401(k) assets, including mutual funds, stocks and bonds. The most popular choice is mutual funds, which offer diversification in one investment.

Often, businesses will offer several investments, enabling employees to choose how their contributions are invested. In addition, business owners may set up a vestr ing schedule, helping retain em ployees and reduce costly turnovef. If you're considering offering 401(k) plan, do your homework. Consult your tax adviser, and look for a retirement-plan provider who is well-versed in the regulations. Your provider should be willing to come to your business, work with you face-to-face and explain any the options to you and your employeei Choose someone who is interested in setting up a plan that meets yoqr needs and will be there for the long -term in other words, someone who won't put you on the bak burner.

Smith is an investments courts selorfor the Marshall office of Edward D. Jones. No business owner would argue against the importance of planning for the future. However, the reality is that with the daily demands of running a business, longterm goals are often put on the back burner. Failure to plan for retirement can be devastating.

That's just one reason it's so important for business owners to establish and maintain a retirement savings program. In addition to providing a nest egg for business owners, retirement plans also can help reduce business taxes and enable employers to attract and retain quality employees. Business owners today have a variety of choices when it comes to retirement plans. One of the most popular is the 401(k) plan. A 4gl(k) plan is a deferred compensation plan that allows employees to put a portion of their salary into a retirement plan.

The contributions areiexempt from federal and state taxation (in most states); however, they do not avoid Social Security (FICA) taxi The employer also has the option of making matching or profit-sharing contributions that are tax-deductible to the business. Many business owners think retirement plans such as 401(k)s are expensive and difficult to administer; however, this is not necessarily true. With 401(k) plans, employers are required to file form 5500 each year and pass certain anti-discrimination tests at least annually. Service awards were recently given to five Sabine Valley Center employees during the board of meeting. Those receiving the awards were: Anke Harber, left, vocational unit manager at the iMarshall vocational services, 25 year pin; Beulah Jernigan, LVN, Oak Haven Recovery Center, 20 pin; Gladys Williams, cook for Oak Haven Recovery Center, 20 year pin; Velma Polk, LVN, Oak -Haven Recovery Center, 20 year pin; and Suzon Talley, service assistant at Marshall Vocational services, 20 year pin.

Kilgore College plans Internet course The Kilgore College Small Development Center (SBDC) hosting a seminar entitled "Internet Basics." This seminar is from 1 to 4 p.m., Wednesday, at fiie Kilgore College Longview Center, Room 107. Are you wanting to "surf the Nit but not sure how? Can you regally "chat" with people around the without the long-distance bill? do you find someone's Internet address and connect to their computer? And what productsservices are available via the Internet? i Bob Smith As for the costs, increased demand for these plans has fueled competition among retirement-plan providers, resulting in lower costs to businesses. The 401(k) is most appropriate for the business owner with more than 25 employees who wants to encourage employees to fund part of their own retirement plan. Any organization, such as a sole proprietorship, partnership, corporation or S-corporation, can have a 401(k). Non-profit organizations may establish 401(k) plans as of Jan.

1. For 1997, employees may contribute up to $9,500 before taxes. (This amount is subject to cost-of-living adjustments.) They also may make voluntary after-tax contributions up to 10 percent of their pay. For each employee, total contributions from all sources may not exceed the lesser of 25 percent of compensation (up to a maximum salary of $160,000, 1997 figure), or $30,000 per individual. However, only 15 percent of eligible compensation is deductible by the company.

fies? How do I submit my bids? What forms are involved? Where do I get more information about our governments? And can all this be done on-line? These are among questions that will be answered as counselor Gerald Chandler and director Henry Vinson from the Dallas SBDC's Center for Government Contracting instruct this informative seminar. The U.S. Government, with its 2800. affiliated agencies, is the largest purchasing entity in the world. Many of these government contracts for products and services are specifically designated to be awarded to businesses classified as Copiers Telephone Systems Government sales seminar set J.

7 and software requirements, how to select an Internet provider, how the Internet will benefit the small business owner, types of information and services available through the Internet including E-mail, the World Wide Web, FTP and Gopher. The fee for this seminar is $25.00. For registration and information on this and other SBDC training programs, call the SBDC at 903-757-5857 or outside Longview call 800-338-7232. Jefferson Panola County's Bethany Field. Location is one mile north of Bethany, with Hopewell Operating as the operator.

The well was plugged back to 3,785 feet from the prior bottom. New pay is in the Blossom Formation, 2,025 to 2,036 feet into the hole. The zone showed ability to flow 237,000 CF gas per day on a 1464 choke. No open flow rating was available. Enron Oil and Gas Flowing 257,000 CF gas daily on a I-inch choke, the No.

208 Carthage Unit has been completed by Enron Oil and Gas six miles northeast of Carthage. It earned a rating on open flow. Enron bottomed the hole at 6,650 feet, plugged it back to 6,564 and perforated the Travis Peak Formation for production at 6,547 to 6,554 feet into the hole. Hopewell Operating The No. 2 W.C.

Agurs has been plugged back for extended well life in Panola County's Bethany Field. Location is one mile north of Bethany, with Hopewell Operating as the operator. The well was plugged back to 3,785 feet from the prior bottom. New pay is in the Blossom Formation, 2,025 to 2,036 feet into the hole. The zone showed ability to flow 237,000 CF gas per day on a 1 464 choke.

No open flow rating was avil-abje. Enron Oil and Gas Flowing 257,000 CF gas daily on a 1-inch choke, the No. 208 Carthage Unit has been completed by Enron Oil and Gas six miles northeast of Carthage. It earned a rating on open flow. Enron bottomed the hole at 6,650 feet, plugged it back to 6,564 and perforated the Travis Peak Formation for production at 6,547 to 6,554 feet into the hole.

Gas pay confirmed in Minor new gas pay was con-; firmed in Marion County's Rodessa Field when the No. 2 Whelan was completed about 1.5 miles north of -Jefferson. 1 The well flowed 68,800 CF gas per day on an open choke. The open flow reading was identical. With Charles R.

Bachtell as the operator, the well probed to a bottom. Production will be from the Travis Peak, 6,790 to 7,034 feet into the hole. Phillip Petroleum A new pool wildcat is scheduled for spudding one-half mile east of Gary, Panola County. Located near existing pay in the Carthage Field, the well is designated as the No. 7 Ball Unit.

It is in a 658-acre lease, J.M. Bradley Survey A-49. Phillips Petroleum of Houston is the operator. Travis Peak or Cotton Valley Formation pay is the target. Chinn Exploration The No.

5 Edens has been brought on line in Panola County's Beckviile Field with Chinn Exploration as the operator. Location is about one mile Isouth of Beckviile. Rated at 2,176,000 CF gas per day on open flow, the well indicated ability to make 1,435,000 CFD on a 1.25-inch choke. It probed to a bottom and -will produce from perforations in the Cotton Valley Formation ranging from to 10,011 feet into the wellbore. These are among questions that will be answered as Paul Fredrick-son from the Technology Assistance Center in Dallas, instructs this informative seminar.

Participants will log on the Internet with the instructor and witness new communications opportunity the world's largest "Information Superhighway." Participants will learn how E-mail can dramatically reduce phone and mail costs. Also covered in this introductory seminar will be Internet hardware OIL NOTES Texaco Exploration The No. 3 W.B. Powell Unit is scheduled to be drilled at a wildcat drillsite 14.5 miles northeast of Carthage near the Carthage Field. It will seek either Cotton Valley or Travis Peak gas.

Location is in a 666-acre lease in the Felix B. Dixon Survey A-172. Total hole is projected to 10,300 feet. Texaco Exploration of Kilgore is the operator. First production figures have been posted for the No.

4 Le Foy-Werner in the Carthage Cotton Valley Field 10.4 miles northeast of Carthage. Texaco Exploration is the operator. The well went to total depth of 10,144 feet and was plugged back to 10,035. Production is in the Cotton Valley Formation, 8,682 to 9,960 feet into the wellbore. When gauged on a 4064 choke, the well flowed 344,000 CF gas per day.

It. was evaluated at 387,000 CFD on absolute open flow. Winchester Production Co. Operating out of Jonesville, Winchester Production Co. has filed for permit to conduct a recompleted for extended pay at the No.

2 Fonville in the Bethany Field. Location is in a 355-acre lease in the Henry Roberts Survey A-562. It is 6.3 miles northwest of the OeBerry townsite. Now bottomed at 6,500 feet, it will be seeking new pay in the Pettet Formation, 6,170 feet into the hole. The No.

2 W.C. Agurs has been plugged back for extended well life in rooms. The proposals are part of a plan to double the size of the San Antonio Convention Center. Both Sheraton and Hilton asked for city and county tax abatements for 10 years but said they would not school property tax relief. The City Council will consider the staff recommendation next Thursday.

Sheraton officials indicated if chosen for the project they would proceed even if the San Antonio Marriott Rivercenter carries out its plan to build a addition to double the size of its hotel across from the convention center. Sibley TON vO" ice Solutions Marshall (903) 935-5270 Beverly Russell Dud. Halliburton Vendel Shaklee Sheraton gets backing for convention center small, economically disadvantaged, and woman- or minority-owned. This seminar will be an orientation to governmental contracting at the federal, state and local level. Instructors will cover the different governmental forms and documentation involved, tips for filling otft these forms, distribution information regarding upcoming contracts to be released for bid, and how to access your governments for additional information.

There is no charge fof this seminar. For registration or for more information on this and other SBDC training programs, call 903-757-5857 or 800-338-7232. Facsimile mso Duplicators Richard Martin Right now you'll get a FREE ten year parts and labor protection plan when you purchase an eligible Carrier cooling and heating system. You'll enjoy lower heating and cooling bills and your home will be more comfortable. rarrar vUJ nl The Kilgore College Small Business Development Center (SBDC) is hosting a seminar on government contracting entitled, "Selling To The Government," 1:30 to 3:30 p.m.

Monday, at the SBDC Office located at 1 10 Triple Creek, Suite 70 in Longview, (In the Triple Creek Shopping Center next to Posados Mexican Restaurant.) What types of productsservices do our federal, state andor local governments buy? Who is eligible to sell these products andor services? Is this information available electronically? What about Historically Underutilized Business (HUB) contracting and who quali- New program available for youth on Medicaid Comprehensive Home Health Care Inc. announces the establishment of the Early and Periodic Screening, Diagnostic and Treatment Program (EPSDT) to benefit area youth who receive Medicaid benefits. Through the program, children from birth to age 21 can receive regularly scheduled medical and dental checkups, as well as treatment for any problems noted during checkups. Services provided include physical exams, lab tests, immunizations, vision and hearing screenings and assessments of nutritional, developmental and mental health needs. Interest rate Interest rate Interest rate Interest rate Interest rate Interest rate Interest rate Interest rate $15,000 minimum deposit $5,000 minimum deposit $5,000 minimum deposit $5,000 minimum deposit $5,000 minimum deposit $5,000 minimum deposit $5,000 minimum deposit $5,000 minimum deposit Investor Since 1871 pn Maximize your CD investments in 1996.

Federally insured to $100,000 A Estate feature A You pay no add on commissions Pius. FREETEN YEAR Parts Labor Protection Plan 6- MONTH 1- YEAR 2- YEAR 3- YEAR 4- YEAR 5- YEAR 7- YEAR 10-YEAR 530 APY 5.60 APY 6.00 APY 6.15 APY 6.25 APY 630 APY 635 APY 6.50 APY 530 5.60 6.00 6.15 6.25 630 635 6.50 SAN ANTONIO (AP) ITT Sheraton has won a recommendation from the city staff to construct a 42-story, $198 million downtown convention center hotel. "We are committed to seeing it through in every way," said Dan Weadock, president and chief officer of ITT Sheraton. Sheraton and a group led'by local iffilton franchise owner H.B. Zachry Co.

presented competing hotel design and financial proposals to City Council members Thursday. The Sheraton project would be a hotel, and the Hilton project would consist of 1 ,094 hotel ml P. 4200 East End Blvd. S. Office 003-935-0665 Home 003-986-3581 a Need a Credit? Lien? Used Car Salesperson Of The Year new or used vehicle? Bad No Credit? Bankruptcy? Repossession Foreclosure? Tax Come See Earl! "Annual Percentage Yield, APY, assumes immediate reinvestment at contract rate.

Early withdrawal may not be permitted. While not obligated, Edward D. Jones Co. Intends to make a market In these certificates of deposit. The amount received from the sale of a CD at current market value may be the same, more or less than the amount initially invested.

Names of current issuers are available upon request. Effective 3397. Call for more information. Stop in or call us for all the details. BOB SMITH JAMES THOMPSON 1 14 East Austin, Marshall 938-7501 or 1-800-441-1205 KEITH AIO COHDITIOniHG Service on all makes and models.

Financing Available. Clayton Keith Drian Keith 003-935-3G64 Limited time offer. See Dealer for Details. TACLB002448 Edwardjone Marshall, Texas 1-800-214-4447 Serving Individual.