Archive for September 2010
Is it mandatory to participate in a 401(k) plan or can an individual opt out?
Richard J asked:
Does an individual have a say in whether he/she wants to contribute to or be enrolled in a 401(k) plan?
Can an individual opt out when offered to be enrolled in the program?
Thanks everyone for taking the time to answer my questions. I mostly like being hands on with my investments and prefer to choose where I invest my money such as in Money Market accounts, Certificate of Deposit accounts, Bonds and the Stock Market.
Does an individual have a say in whether he/she wants to contribute to or be enrolled in a 401(k) plan?
Can an individual opt out when offered to be enrolled in the program?
Thanks everyone for taking the time to answer my questions. I mostly like being hands on with my investments and prefer to choose where I invest my money such as in Money Market accounts, Certificate of Deposit accounts, Bonds and the Stock Market.
I was curious and wanted to know should the situation arise if I had an option to opt out of being enrolled in a 401(k) plan.