Where S The Cash

What’s the holdup? Some firms hold cash for months while they switch plan providers or try to time the stock market for their employees. Some firms even hold money when they need the cash, says benefits consultant Rich Koski. The Labor Department, awash in complaints about investment delays during last year’s runaway market, is digging into 600 cases of 401(k) foot dragging and Offering six months of amnesty to malingering managers.

Subject Terms: 401(K) plans