Originally Posted by endorn
I have a questions regarding matching of 401k. I work for a hospital that was managed by one company until August 31 of last year. That company had a policy that they would only match the 401K one time a year in March the following year, but only if you were employed by that company on Dec 31. I am still employed at the hospital, but they are now managed by another company. Is it legal for the first company to hold the matching, just because their contract ran out and the owner of the hospital found another managing company?