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To: paul_philp who wrote (51973)	7/10/2002 2:41:34 PM
From: chaz	Read Replies (1) \| Respond to of 54805

Paul: Diidn't matter. No one participating in the WCOM 401k could sell. Chaz

To: paul_philp who wrote (51973)	7/10/2002 2:47:47 PM
From: chaz	Respond to of 54805

Paul: Diidn't matter. No one participating in the WCOM 401k could sell. I don't have a 401k. As all of you here know, I am in a dark mood, but I'm not staying idle about it, muttering to all of you and to myself. One of the other places I've been taking my thoughts and possible corrections is here: congress.org and here: congress.org Chaz Chaz

To: paul_philp who wrote (51973)	7/10/2002 5:25:52 PM
From: Mike Buckley	Respond to of 54805

Paul, I don't know how your 401(K) systems works Though the laws are likely to change, currently a lot is left up to each company to decide important aspects of the 401k plan. Regarding the money contributed by the employee, some 401k plans allow an employee to invest in a broad-market index fund similar to an S&P 500 index fund but alarmingly few do. Some allow investing only in mutual funds. Some allow purchase of common stock. Regarding the matching funds contributed by the employer, some companies require that the match be made in the form of the company's common stock instead of cash. And as Chaz noted, there are often restrictions about when the employee can sell the stock, whether the funds used to purchase it were contributed by the company or the employee. --Mike Buckley