Hard puncher
Article Abstract:
Sen. Barbara Boxer's 401(k) Pension Protection Act is expected to be taken up by Congress again in Jan 1997 as it failed to secure approval from legislators in 1996. The bill is a proposal to prohibit corporate-driven 401(k) plans from investing more than 10% of their assets in the stock of the corporate sponsor. Too much investment in the employer's own stock or other assets can put employees at risk for management's decisions. However, the Boxer bill is being criticized as some contend that protecting workers from the 401(k)-plan's risk may actually hurt them when the stock does well.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1997
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The check's in the mail
Article Abstract:
Deliberately withholding payment is an ethically questionable cash management technique that is also a poor business practice. Aside from being in violation of the business terms that were agreed upon, slowing creditor payments can also endanger smaller businesses that are short on cash and are subject to higher interest rates for their capital needs. Meanwhile, the Boxer bill, also known as the 401(k) Pension Protection Act, has to be supported as it provides a cost-effective means for firms to make their corporate contributions.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1997
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Time to stave off 401(k) angst
Article Abstract:
Employers could avoid costly 401(k) litigation if they take time to stress the importance of investment principles to employees. Treasurers and human resource managers should avoid giving specific advice on 401(k) plans as this opens them up for liability. Employers, however, could give fund-specific allocation advice and information on investment principles to avoid liability.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1998
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