Administration February 18, 2009
My 401(k) is 'Shorn' so Take Some off the Top
February 18, 2009 (PLANSPONSOR.com) - Now the
distance between the value of your 401(k) before the
recession and what it is now can translate into "a little off
the top" - literally.
Reported by Fred Schneyer
The KARE11.com Web site reports that a Minneapolis hair salon is now offering to take a percentage off customer’s bills based on how much the customer’s 401(k) has tanked in recent months – up to half off.
The Web site said John Charles, who owns The John Charles Salon and his business partner, Craig Weitz, came up with the idea.
Customers only need to bring a 401(k) statement or some other way to prove their account balance loss and the cashier will deduct the amount from the bill.
You Might Also Like:
Mutual Funds See First Net Inflows in More Than 2 Years
Despite net inflows to mutual funds in February, reversing the long-term trend of outflows is unlikely, according to analysts.
Minnesota Sponsor Sues Adviser for True-Up Plan Amendment
The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege...
Benefits |
Molina Healthcare Close to Win in ERISA Lawsuit
A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...