Her 401(k) Contributions Vanished–and Her Company Had No Answers

3 pointsposted 17 hours ago
by dangle1

2 Comments

jerlam

16 hours ago

> 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.