Detailed text transcripts for TV channel - MSNBC - 20140208:01:20:00
Blame -- >> exactly. >> -- on obamacare. that's a very, very big deal. the 401(k) change that armstrong made has two effects basically. one is the main thing it does, it saves the company money because it only gives payout for the 40 401(k). the matching at the end of the year. the company wasn't paying the money it would have paid if the 401(k) made money during the year. the other thing, if anybody wants to leave the company during the middle of the year, they have to contend with the fact they're going to get a big payout for the 401(k) at the end. it gives them a disincentive to leave in t...
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