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re: 401(k) discrimination testing

Posted on 3/16/15 at 12:18 pm to
Posted by TIGERSby10
Central Lafourche
Member since Nov 2005
7037 posts
Posted on 3/16/15 at 12:18 pm to
quote:

Our company matches up to 6%, so he was basically telling them to start contributing, he would match the 6% they put in, and they would see no change in their take home pay.

Still not many wanted to contribute....


You work with some really dumb people. Why don't they want free money?
Posted by lsufan1971
Zachary
Member since Nov 2003
19590 posts
Posted on 3/16/15 at 12:34 pm to
quote:

You work with some really dumb people. Why don't they want free money?


We have a simple IRA at my office. Owner contributes 3% and half of the people don't participate. I have tried to educate but people live paycheck to paycheck. Can't live without those big screen TV's and new cars. I guess they are counting on SS to live later in life
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