3 ms·
"This is the same calculation that ERISA requires of all private sector companies." Not quite. It should be "all private sector companies that offer pensions."
by matthewmcg 13y ago
"This is the same calculation that ERISA requires of all private sector companies."
Not quite. It should be "all private sector companies that offer pensions." That's only about 18% of private employers as of 2012. See http://www.bls.gov/opub/mlr/2012/12/art1full.pdf http://www.bls.gov/opub/mlr/2012/12/art1full.pdf
- yummyfajitas 13y agoEven private sector companies with defined contribution plans need to do this calculation. It's just trivially easy for them - the calculation amounts to "did the bank transfer into the 401k happen on schedule?"
- matthewmcg 13y agoGood point!