Posted by INCase on January 18, 2010 at 09:31:25 from (63.85.35.9):
In Reply to: FORCED 401 K posted by LOU from Wi. on January 18, 2010 at 07:09:28:
I don't think they can demand you join but the might BUT they can not make you contribute your own cash into one. I kinda wonder if companies even have to offer it to part time workers. Most don't want to bother with them as they are obligated to maintain the account as long as they are in business so it can be an administrative pain in the neck.
I would suspect 2 things. One the management doesn't know the law(s) which is VERY VERY common in large and small companies OR 2, they need higher participation to get a better rate from the providers for service fees ect ect. or some other perk for the management to get to a certain level of investments. Otherwise its more work for the HR department to deal with them.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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