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Financially Struggling Employers Sometimes Tempted to Raid Worker 401(k) Contributions
The Baltimore Sun Nov. 30, 2010
Excerpt: Employers are expected to forward workers' contributions to the plan as soon as possible. Employers with 100 or more workers have until the 15th business day of the month after the contribution was received to transfer the money to the plan. Smaller employers must do so within seven business days. Once the money is transferred to the 401(k) plan, it's generally safe from the employer[.]
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