To: wideawake
Until the rules were changed beginning in 2006 most company matches in the 401k were for the company stock only and were not transferable while still employed. I agree that people who still haven't taken advantage of the new rule change and keep their match in one company stock are dumb but the folks at Enron had no choice if they wanted to take advantage of the companies retirement package at all. Skilling is going to prison for deliberately cheating them out of their retirements. I'd prefer to see him hanged.
52 posted on
10/23/2006 1:47:19 PM PDT by
shuckmaster
(An oak tree is an acorns way of making more acorns)
To: shuckmaster
but the folks at Enron had no choice if they wanted to take advantage of the companies retirement package at all. This is not correct. 401(k) participants at Enron did not have to purchase Enron stock as a precondition of participating in the plan.
98 posted on
10/23/2006 2:27:30 PM PDT by
Fury
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