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401(A) CONTRIBUTIONS
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401(A) CONTRIBUTIONS
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Our company will be implementing a 401(a)plan in the near future. The company will be matching employee contributions at a rate of 50 cents for every dollar contributed. Should employees be allowed
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401(A) CONTRIBUTIONS

posted at 6/15/1999 8:27 PM EDT
Posts: 1
First: 6/15/1999
Last: 6/15/1999
Our company will be implementing a 401(a)plan in the near future. The company will be matching employee contributions at a rate of 50 cents for every dollar contributed.

Should employees be allowed to "cash out" vacation time and roll the cash out directly to the into plan...or should the contributions be on a pay period by pay period basis?

401(A) CONTRIBUTIONS

posted at 6/16/1999 6:26 PM EDT
Posts: 2217
First: 6/16/1999
Last: 12/13/2001
Ah, come on. I cannot answer that question unless we review your plan. The Federal tax code weighs about 5 lbs for a reason! Its got a lot of words in there. You should consult with the plan administrator about the manner in which employees are allowed under the plan to contribute. (Most plans do not allow employees to change contribution amounts from week to week, and that's what this sounds like.) If you ARE the plan administrator, you should consult with a tax expert or attorney.

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