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Resource ID: #20386
Subject: Employment
Source: Wall Street Journal (New York)
Date: 1996-06-05


Article explains how some companies are using 401(k) plans in ways that employees never intended. As a result, employees of some companies which have gone bankrupt (like Color Tile) end up having nothing left in their 401(k) plan because the company misused their retirement funds. This story also includes a "side-bar" story entitled "Color Tile's 401(k) Plan Runs Aground: Employees regret not being vigilant." This supplemental article explains what went wrong with Color Tile's 401 (k) plan, and how people can investigate their own 401 (k) plans to ensure the same thing doesn't happen to them.

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