TITLE

Employers owe employees 401(k) contributions

AUTHOR(S)
White, Jane; Meigs, Rick
PUB. DATE
April 2008
SOURCE
Employee Benefit News;Apr2008, Vol. 22 Issue 4, p40
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the proposed 401(k) Security Act which recommends that most employers contribute at least 9% of pay to their employees' 401(k) accounts. Accordingly, the usual excuse for stagnating wages is wage competition. Meanwhile, according to data from PricewaterhouseCoopers and Mercer Human Resources Consulting, it's the increasing productivity of the average U.S. worker that is increasing the country's bottom line.
ACCESSION #
32917802

 

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