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Massachusetts Opens Probe Into Timing of 401(k) Matching Contributions
Bloomberg Link to more items from this source
Feb. 24, 2014
"The Massachusetts Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings. The unit sent a letter to the 25 largest providers of 401(k) plans, requesting the number of employers who pay distributions at year-end, when the move was made from more frequent payroll periods and what workers are told about the potential consequences[.]"

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