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Some companies have what is called "Automatic enrollment." Basically, with in so many days of your hire date they automatically enroll you into the 401k plan and place you in a default investment. You have the option to opt out of the automatic enrollment but, you do not have the option to "forbid" an employer to enroll you. Typically, if you're automatically enrolled and you neglect to opt out, You are not able to withdrawal the funds in the account until you're 59 1/2 years old or terminated. Keep in mind that some companies do automatic enrollment annually and just because you opt out once does not mean that's final. They're required to send you notification in the mail to make you aware of the automatic enrollment, so be sure not to through anything away without reading it.

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Q: Can I refuse to participate in a profit sharing 401k and forbid any employer contribution under my social security number?
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Can you ask a former employer how much an employee received in 401K matching or profit sharing or employer contribution?

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How many Americans participate in illegal File sharing?

Although an exact number would be very difficult to obtain, there are most likely millions of Americans who participate in illegal file sharing.


If your fired from a job can the employer keep your profit sharing money?

I got fired from a job do i get my profit sharing


Should workers participate in profit sharing?

Yes they actually do participate already in profit sharing when they get employed. They do this automatically as part of their wages though they are only a small section of the whole organization or company.


Is group life insurance deductible as a business expense?

An employer's contribution to a group insurance plan is deductible as a business expense. This benefit is not taxable to the employee. An employee may not deduct a portion of the premium he cost shares with his/her employer. Typically a group benefit plan includes drug and dental coverage, lfe and long term disability . Where there may be cost sharing of the premium, an employer's contribution shoud always be to the health and dental portion. If any part of the premium for the long term disability is paid for by the employer, should the employee become disabled, then that benefit (usually up to 67% of the pre-disability earnings) would be taxable in the hands of the employee.


Which gives better security workgroup sharing or homegroup sharing?

A workgroup has more security. A homegroup provides less security than a workgroup because any user of any computer in the homegroup can access homegroup resources.


Should there be conserns about sharing on a network?

Yes, copyright and security.


What is a false statement about sharing authority?

The effective employer expects employees to always make the right decision. :) A+


What are the risks of sharing personal information?

people can use your information to get your social security number


How long does employer keep you on life insurance after retirement?

It is upto the discretion of your employer how long to pay life insurance premium on your behalf. Even sharing the same in equal proportion can also be mutually arranged.


What is the maximum contribution to profit sharing plans?

If your profit sharing plan allows for employee contributions, then those are capped at $16,500 for EE money. The total amount of contributions (ER and EE) is capped at $49,000 indexed for inflation.