TITLE

Are your employees receiving correct 401 (k) matching contributions?

AUTHOR(S)
Palmieri, Frank
PUB. DATE
January 2007
SOURCE
Employee Benefit News;Jan2007, Vol. 21 Issue 1, p56
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers guide for employers to calculating the 401(k) matching contributions of employees in the U.S. A typical matching contribution stipulates that an employer will pay 50 cents for each $1 that an employee contributes to 401(k) plans. Make-up contribution is the fairest way to ensure that employees receive the same full matching contributions. The Internal Revenue Service (IRS) Employee Plans Compliance Resolution System program allows employers to check insignificant matching contribution errors at any time.
ACCESSION #
23844010

 

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