Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

You are the internal auditor for a firm which has a defined contribution plan for its employees. The plan is a 401(k), named after the Tax Code section that specifies the conditions for the favorable tax treatment of these plans. The plan calls for the employer to match one dollar for every two dollars of employee contributions. Approximately, $500,000 of contribution is deducted from employee paychecks each month for investment in one of three employer-sponsored mutual funds. While performing an audit, you notice that employee contributions do not show up on mutual fund statements for up to three months following the end of pay periods from which the deductions are drawn. On further investigation, you discover that when the plan was first begun, contributions were invested within one week of receipt of the funds. When you question the firms investment manager, you are told that the company's CEO has ordered the contribution to be first deposited in the corporate investment account. At the end of each quarter, the firm adds the employer matching contribution and deposits the entire combined amount into specific employee mutual funds.

1. What is the CEO's apparent motivation for the delay in the way the contributions are handled?

2. Do you perceive an ethical dilemma? Explain your reasoning.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91767141

Have any Question? 


Related Questions in Operation Management

Original work only200 words each question with one

*Original Work Only* 200 words each question with one reference (1) What does ERISA regulate? What does it require of employers? What employers does ERISA regulate? How have you been personally affected by ERISA? (2) Sum ...

Option establishing pmo governanceproject governance is an

Option : Establishing PMO Governance Project governance is an empowering aspect of the project management office (PMO) infrastructure management. The purpose of this assignment is for you to understand and synthesize the ...

Emergency managers should know how to assess vital

Emergency managers should know how to assess vital buildings in communities in order to protect the occupants in light of an emergency. Access the Anytown, USA Simulation. Assess the government building in the Downtown R ...

This assignment must be 500 words long research a company

This assignment must be 500 words long Research a company of your choice, and draft a report that will be presented at the upcoming senior management meeting. Include the following: A matrix of the company's strengths, w ...

1 congratulations your company has purchased the rights to

1) Congratulations, your company has purchased the rights to manufacture a new product called Quilchers. As an experienced Operations Manager you quickly recognized that this product could be successfully assembled using ...

Questionreview material for ilo ansi-z-10 and csa standards

Question: Review material for ILO, ANSI-Z-10 and CSA standards (or from OSHA''s VPP related materials). This assignment is to get you thinking about the gap analysis that you will prepare in the next assignment. Based on ...

Triano brothers an insurance firm follows an administrative

Triano Brothers, an insurance firm, follows an administrative procedure for measuring the relative worth of its jobs. The organization does this by assembling and training a committee consisting of people familiar with t ...

Problem 1 -ching-chang kuo is considering opening a new

Problem 1 - Ching-Chang Kuo is considering opening a new foundry in Denton, Texas; Edwardsville, Illinois; or Fayetteville, Arkansas, to produce high quality rifle sights. He has assembled the following fixed-cost and va ...

Norrington airport has begun to take in regional jet

Norrington Airport has begun to take in regional jet flights, and needs to expand its air traffic control facilities. It has received three proposals from different agencies for how it can proceed to modernize its facili ...

Operations management assignment goal write-upa number of

Operations Management: Assignment: Goal Write-up A number of years have passed since the writing of The Goal. Since then, developments in both technology and operations-management theory have changed the toolset that is ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen