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Money and Finances
Reply to "AOL, IBM and 8% of American companies move to annual match for 401k"
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[quote=Anonymous]My company does an annual match. We have 10,000+ 401k participants and supposedly it's because it's a PITA to do biweekly. You have to recalculate eligibility and active/LOA status plus vesting on a rolling basis instead of point in time. I think it's just because they're cheap, and don't want to invest in resources to do the work or pay for the max number of people... If they wait until the new year they can bank all the match funds for people who quit. [/quote]
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