BLK BlackRock Inc

Massachusetts Secretary of the Commonwealth William Galvin is looking into the shift toward year-end 401(k) contributions, according to reports from the Boston Globe and Bloomberg News.

Mr. Galvin has requested that the 25 largest 401(k) plan administrators provide information including the number of companies that have switched to year-end matches, the date of the change and what disclosures were provided to employees, according to the reports.

Full story at http://www.bostonglobe.com/business/2014/02/24/galvin-seeks-info-employer-contributions/zavPsYGyqzS1vH4GUYCcNI/story.html and http://www.bloomberg.com/news/2014-02-24/massachusetts-opens-probe-into-401-k-contribution-delays.html

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