More employers shorten 401(k) eligibility period

Bridgeford, Lydell C.
June 2007
Employee Benefit News;Jun2007, Vol. 21 Issue 8, p36
The article focuses on the decision of some firms in the U.S. to offer employees earlier eligibility for 401(k) plan enrollment. A research from Profit Sharing/401(k) Council of America has found that in 2006, 69.2% of 401(k) plan sponsors have allowed employees to make elective deferrals to the plan. Information on the approaches taken by employers in offering earlier eligibility is outlined.


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