Explore BrainMass

Explore BrainMass

    Benefits of a Retirement Plan (401(k))

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What are the implications of a 401(k) plan for employees who leave the company? Why would those employees chose to "rollover" their 401(k)? When an employee leaves the company, should the employer literally give the former employee a check for the amount due to them? Why or why not? Why would some former employees prefer a "direct transfer" into their new 401(k) plan?

    © BrainMass Inc. brainmass.com June 3, 2020, 7:39 pm ad1c9bdddf
    https://brainmass.com/business/business-law/benefits-retirement-plan-106953

    Solution Preview

    Once an employee leaves a company, he can rollover his 401(k) to another management firm or can maintain it as is. Employees often decide to take the rollover option because it allows them ...

    Solution Summary

    The solution discusses the benefits of a retirement plan.

    $2.19

    ADVERTISEMENT