Posted by INCase on January 18, 2010 at 09:31:25 from (63.85.35.9):
In Reply to: FORCED 401 K posted by LOU from Wi. on January 18, 2010 at 07:09:28:
I don't think they can demand you join but the might BUT they can not make you contribute your own cash into one. I kinda wonder if companies even have to offer it to part time workers. Most don't want to bother with them as they are obligated to maintain the account as long as they are in business so it can be an administrative pain in the neck.
I would suspect 2 things. One the management doesn't know the law(s) which is VERY VERY common in large and small companies OR 2, they need higher participation to get a better rate from the providers for service fees ect ect. or some other perk for the management to get to a certain level of investments. Otherwise its more work for the HR department to deal with them.
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