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| Employer not Obligated to Make Discretionary 401(k) Match PLANSPONSOR; free registration may be required  [Guidance Overview] June 4, 2010 Excerpt: U.S. District Judge Paul L. Friedman of the U.S. District Court for the District of Columbia ruled that Landis Construction Co. was under no legal obligation to make the match of 3% of Nathan Lindell's earnings because the match payments were discretionary under the plan. Friedman added that the employer had produced a declaration by its chief executive officer and co-owner that the plan did not have an ongoing employer match but instead had a discretionary profit-sharing 3% paid after the end of the year. |
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