• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Don’t make new hires wait long to be 401(k)-eligible

by on
in Human Resources

Your competitors are shortening the length of time that new employees are eligible to participate in the 401(k) plan. More than half (51 percent) of companies now allow 401(k) participation within the first three months of employment, compared with 32 percent in 1998, according to a survey by the Profit Sharing/ 401(k) Council of America (www.psca.org). Similarly, short eligibility (three months or less) in profit-sharing plans increased from 12 percent of plans in 1998 to 22 percent of plans today.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/21359/dont-make-new-hires-wait-long-to-be-401k-eligible "

Related Articles...

    No matches

Leave a Comment