> It isn’t uncommon for small companies facing financial difficulties to delay moving the 401(k) contributions they deduct from workers’ paychecks into their retirement accounts
Wow, so it is basically legal to use your employees' paycheck for short term, zero interest loans. And if you go out of business the employees have to fight to get their money back from a dead company.
> It isn’t uncommon for small companies facing financial difficulties to delay moving the 401(k) contributions they deduct from workers’ paychecks into their retirement accounts
Wow, so it is basically legal to use your employees' paycheck for short term, zero interest loans. And if you go out of business the employees have to fight to get their money back from a dead company.
https://archive.ph/E9syW