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401(k) Plans - College Essays

401(k) Plans

There are many economic issues facing the nation today. While some are
extremely important in determining how the economy is balanced, others are not.
Although this is true, that does not necessarily make these lesser important
issues obsolete. Take, for example, the recent issue of corporate leaders
matching contributors to the 401(k) plan with company stock, instead of with
cash. Though this is a relatively National issue, it still greatly affects a
large number of people in foreign areas as well as you and me. Because of this
effect on such a large number of people, it is necessary that this issue be
discussed, as will happen within the next few paragraphs.

In the way that a ...

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contributors either with cash or with a direct credit to the plan, other
companies match with corporate stock. According to Richard Sasanow, a former
assistant of public communications at Ernst and Young, "many experts consider
this to be one of the riskiest investments for a 401 (k)-but may be worth it if
you think your company has a great future." (Sasanow, 45) A recent survey shows
that 18 percent of all companies made their matching contributions this way.
Now for small, fast-growing businesses this would not seem as much of a risk
since these companies' stock are generally on the increase. But for some large
corporations, this is a great risk for employees since a lot of their
retirement money is now based on how well the company does.

Some say that because contribution matching is now based on how well the
company does, then employees will strive to do a more efficient job in order to
increase the overall stock price of the company, which, in turn, will ...

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401(k) Plans. (2008, February 19). Retrieved November 22, 2024, from http://www.essayworld.com/essays/401-k-Plans/79311

"401(k) Plans." Essayworld.com. Essayworld.com, 19 Feb. 2008. Web. 22 Nov. 2024. <http://www.essayworld.com/essays/401-k-Plans/79311>

"401(k) Plans." Essayworld.com. February 19, 2008. Accessed November 22, 2024. http://www.essayworld.com/essays/401-k-Plans/79311.

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PAPER DETAILS

Added: 2/19/2008 10:19:10 PM
Category: Economics
Type: Premium Paper
Words: 822
Pages: 3

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