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Importance of establishing an emergency fund

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Reference no: EM133070816

Todd expresses a concern at one point in the conversation that if he makes a substantial employer contribution, his younger employees may simply withdraw the money immediately. What possible measures could be put in place to protect against this?

  1. Retain additional contributions as a general asset of the company until the participant's retirement
  2. Provide a loan provision allowing employees to access funds if needed without taking a distribution
  3. Elect a graduated vesting schedule over as long a time period as possible
  4. Provide financial education on the importance of establishing an emergency fund

Reference no: EM133070816

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