It's less responsibility than managing a defined-benefit pension plan under ERISA. The 401 K is largely self-administered by the worker.
--jks
>From: Kelley Walker <kwalker2 at gte.net>
>Reply-To: lbo-talk at lists.panix.com
>To: lbo-talk at lists.panix.com, lbo-talk at lists.panix.com
>Subject: Re: 401k
>Date: Sat, 14 Jul 2001 12:41:34 -0400
>
>At 09:22 AM 7/14/01 -0700, Jordan Hayes wrote:
>> > do employers have to provide 401ks?
>>
>>nope.
>
>
>so, what does an employer get out of providing a 401k, as opposed to a
>fatter paycheck? does it actually amount to anything?
>
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