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Forums » Alltel Bought For $24.8 Billion » Yet one more company going private; out of reach of SEC
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PhoenixDown
-- Wants FIOS
Premium
join:2003-06-08
Fresh Meadows, NY
clubs:		reply to pnh102
Re: Yet one more company going private; out of reach of SEC

Not every one is given a choice with their 401k... many companies force you to invest in the company stock until the shares mature.
--
Mass Transit Sucks!
to forum · permalink · · 2007-05-21 11:48:31 · Reply to this


pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast
said by PhoenixDown See Profile :

Not every one is given a choice with their 401k... many companies force you to invest in the company stock until the shares mature.
You still have to sign up for the program. We have had such 401ks at my old jobs and I was never compelled to enroll in those plans.
--
Only SHATNER is Kirk.
to forum · permalink · · 2007-05-21 13:20:54 · Reply to this


PhoenixDown
-- Wants FIOS
Premium
join:2003-06-08
Fresh Meadows, NY
clubs:
said by pnh102 See Profile
You still have to sign up for the program. We have had such 401ks at my old jobs and I was never compelled to enroll in those plans.
[/BQUOTE :

Compelled? No - but its one of the few retirement vehicles left after the death of pensions.
--
Mass Transit Sucks!
to forum · permalink · · 2007-05-21 13:36:38 · Reply to this


pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast
said by PhoenixDown See Profile :

Compelled? No - but its one of the few retirement vehicles left after the death of pensions.
How so? There are plenty of funds outside of work into which people can invest for retirement.
--
Only SHATNER is Kirk.
to forum · permalink · · 2007-05-21 13:38:11 · Reply to this


PhoenixDown
-- Wants FIOS
Premium
join:2003-06-08
Fresh Meadows, NY
clubs:

 Yes but my compensation and pay package includes a 401k match. In previous years that match was for any fund within our 401k portfolio but its now only for our company stock as mentioned.

Talk to my CEO and see if he is willing to either increase my pay by the missing match or is willing to to have our 401k invested in a broader range of funds.
--
Mass Transit Sucks!
to forum · permalink · · 2007-05-21 14:11:44 · Reply to this
Forums » Alltel Bought For $24.8 BillionAMF »
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