I had a 401K plan back when I had a day job. I don't know much about it, but it did give me a couple of hundred dollars when I quit and cashed it in.
What's the deal with AEA's 401K plan? Which employers contribute matching funds? What are the pros of setting one up? Are there any cons - like for instance, if I need cash now to pay down a credit card or a car loan or something. What about if I don't have a theatre job for a few months? What happens to it then?
Vernon, I saw you were part of the WCLO contract negotiation that secured this for us. Can you give us the highlights?
Thanks,