Archive for March 2008
How long can my employer wait to make last year’s 401(k) matching contribution?
Jamey asked:
My employer (a fortune 500 hospitality company) still has not paid the 2008 401(k) match. At first, it was communicated to employees that it would be paid in February, now it’s “sometime in the summer”. How long can they wait? Is this governed by ERISA? Can the plan’s “qualified” status be questioned? Thanks!
My employer (a fortune 500 hospitality company) still has not paid the 2008 401(k) match. At first, it was communicated to employees that it would be paid in February, now it’s “sometime in the summer”. How long can they wait? Is this governed by ERISA? Can the plan’s “qualified” status be questioned? Thanks!