Guest itrade4u2 Posted July 2, 2001 Posted July 2, 2001 Can anyone tell me if a non-profit utility company (owned by a municipality) start a 401k? I think that they can do a 457, but am unsure about a 401k. I've asked everyone that I can think of and nobody seems to know for sure.
Guest consultant Posted July 5, 2001 Posted July 5, 2001 If it is governement/municipal owned, they are stuck with the 457 option. The law was changed then repealed and to my knowledge, the City of Dallas is the only municipality I am aware of which has a 401(k) plan.
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