Did Borders Neglect to Pay The 401k for its Employees?
Do you remember last month when eBookNewser reported on Borders bouncing paychecks? It looks like that wasn’t the only check Borders neglected to pay.
There’s a new discussion on the LiveJournal community IWorkAtBorders, and it was started by one user who reports that Borders isn’t paying his 401k account. Specifically, his most recent statement from Merrill Lynch shows that Merrill Lynch had to remove the payment for February. Apparently whatever electronic transfer Borders tried to send must have been declined by Borders’ bank.
And
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