Ethics in Company Retirement Plans
Retirement plans are benefit options a company can offer employees to retain top talent. Companies will typically have ethical obligations to meet the predetermined guidelines for retirement plans.
Other People Are Reading
-
Facts
-
Companies have employer match programs for retirement plans. For example, an employer may match 3 percent of any employee contribution. Ethical obligations result from employers continuing to make these contributions unless the company has severe cash flow problems.
Features
-
Long-term retirement plans, such as pensions and annuities, may require companies to provide for payments for long-retired employees. Ethics for these plans include continuing to make the obligatory payments.
-
Considerations
-
Failing to act ethically with employee retirement plans can result in legal issues for the company. Employees can file a grievance with the federal or state wage or labor department. This can result in an audit or investigation of the company's business practices.
-
