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divine, inc (DVIN) Message Board

  • BuyHiSellHigher BuyHiSellHigher Nov 7, 2002 4:05 PM Flag

    the 401K thing boggles my mind

    How could a company withhold payment to the 401K plan for its employees? I could understand that if the company has an employer matching program, perhaps they could hold up that payment, but not the employee's contribution. It's their money!!

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    • Sleazery, as FZ would say.

      Seen this movie before, bought the t-shirt.
      It happens, believe me. As we've said, m1, the company that Flip bought, witheld medical plan payments in order to fund operations. Hundreds were stuck with large med bills. Yours truily included. I wouldn't know what's going on there, but if I were a betting man, and I'm not, I'd say that Flip wouldn't dare try the same thing in this post-enron era. But I've been wrong a couple of times before.


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