Does a company save FICA expenses when an employee contributes to a 401(k)? If yes, then couldn;t the company say, we'd match dollar per dollar for each 1% above 10% (for example) up to 13%? This seemingly would encourage folks to shoot for the company freebie by putting in at least soemthing more than 10%, thus saving for retirement and helping the company save FICA expenses? IS this thinking correct, or is it illegal for a company not to match until an employee adds a specific percent themselves.
Employee wanting to help out
of SC
@
Nov 23, 2008 15:00:26 PM
Employee wanting to help out of SC @ Nov 23, 2008 15:00:26 PM
Frank of CT @ Nov 03, 2008 13:00:32 PM
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