Re: Way OT: investments in 401K

Posted by Kurt again on August 02, 2004 at 08:24:51 from (66.151.2.81):

In Reply to: Re: Way OT: investments in 401K posted by Mysterion on August 02, 2004 at 07:06:12:

Oh yeah, 5 years or so ago a company my wife worked for was waiting more than 30 days to make the 401K payment, because they were sitting on the employees money and getting bank interest on it. To make a long story short a benefits person there made the statement to a director, "if we dont start putting the 401K money in the funds on time we are going to have lawyers all over our *ss" Remember that a company could get away with stealing for a brief time and not get caught, but to do it all the time they are asking for trouble.

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