I have researched but cant seem to find the answer(s) to something I'm wondering about. My curiosity started when the owner of the company I work for asked me if I have been employed long enough to participate in the 401. I informed him yes I have been here long enough and yes I am participating. He seems eager to have all employees participating.Over the course of the year, I bet he has asked me if I particpate in the 401 at least 3-4 times. (Seems he forgets who he asked, they probably have approx 200 employees).
I cant help but belive theres an ulterior motive for wanting every employeed to participate since the company matches .50 up to 6%. And he is the owner of the company. I aint getting that warm fuzzy feeling here. Can someone shed some light here? Is it because the money gets invested in his company? I just have a hard time believing he is truly worried about every employees walfare when we retire and leave the company. hhhmmm.
The company is big now and getting bigger every year. I dont see the company going under any time soon.
I cant help but belive theres an ulterior motive for wanting every employeed to participate since the company matches .50 up to 6%. And he is the owner of the company. I aint getting that warm fuzzy feeling here. Can someone shed some light here? Is it because the money gets invested in his company? I just have a hard time believing he is truly worried about every employees walfare when we retire and leave the company. hhhmmm.
The company is big now and getting bigger every year. I dont see the company going under any time soon.