scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 820
There are many economic issues facing the nation today While some are extremely important in determining how the economy is balanced others are not Although this is true that does not necessarily make these lesser important issues obsolete Take for example the recent issue of corporate leaders matching contributors to the 401k plan with company stock instead of with cash Though this is a relatively National issue it still greatly affects a large number of people in foreign areas as well as you and me Because of this effect on such a large number of people it is necessary that this issue be discussed as will happen within the next few paragraphs In the way that a 401k stock matching plan is set up timing is everything In a basic 401k plan employees put forth a set amount of dollars usually pre-determined personally by the employee before taxes are withheld This portion of the employees paycheck is put toward his or her retirement What some companies prefer to do in order to make the 401k plan more attractive for employees is to match each employees investment in the plan by a certain percent Here is where the problem comes in Though some companies match contributors either with cash or with a direct credit to the plan other companies match with corporate stock According to Richard Sasanow a former assistant of public communications at Ernst and Young many experts consider this to be one of the riskiest investments for a 401 k-but may be worth it if you think your company has a great future Sasanow 45 A recent survey shows that 18 percent of all companies made their matching contributions this way Now for small fast-growing businesses this would not seem as much of a risk since these companies stock are generally on the increase But for some large corporations this is a great risk for employees since a lot
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA