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Shark_Bait386

2025-03-15 23:27:38

Any contractors here employed by…

Shark_Bait386

2025-03-13 19:50:06

Federal Contractor-Health & Wellness Benefit

Recent Notifications

Yes, an employer can contribute the monetary value of Service Contract Act (SCA) Health & Welfare (H&W) benefits into a 401(k) plan, provided the plan is structured to ensure compliance with SCA regulations and IRS guidelines.

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Thank you for the information.

1741928267
No problem, I know it’s not the answer you wanted to hear. I would ask your employer if you are immediately vested and if you can have control over how it is invested and also if they are providing a company match.

1741928337
Thank you. The company has done a lot of shady things so I just wanted to be sure this is legal. They claim they’ll match up to 3% of our contribution, but the excess H&W benefit contribution won’t be matched. I can’t remember exactly why they said that. I wouldn’t mind so much, but I’m losing a big chunk of money.

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