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401K contribution

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cbg

I'm a Northern Girl
That depends on whether the plan document says the match is discretionary or non-discretionary.
 

Andy0192

Member
What is the name of your state? PA

Can a company just decide to suspend the company match to the 401(k) Plan without any warning?

Your company should be offering you an "SPD" - Summary Plan Description. Whomever is listed as the trustee of the plan must provide you with a copy of the complete plan if you ask. There may be a fee for producing a copy of the complete plan.

Details should be listed in the SPD regarding the company match. There is no legal requirement for the company to provide a match, or to provide a 401(k). However, it is common to provide some type of match, and they must follow the formula laid out in the SPD.

Is your 401(k) a weekly contribution ? Or, does your company provide a discretionary % of profit-sharing at the end of each year? Did the company notify you that the Plan was going to change? The company can re-write the Plan to change or eliminate the matching %, but you would/should receive notice if you are a participant in the 401(k) Plan.

-Andy
 

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