Wal-Mart, which matches 2% of workers salaries in 401(k) accounts, is allowing its workers to use their 401(k) assets to cover the increased costs, which amount to $100 biweekly for family coverage, according to the story.
A recent company announcement suggested the option, but does not mention that such a move includes tax liabilities, the story said. However, Wal-Mart has informed its employees of the consequences of such a move in other company memos, a spokesman told the Journal. "We want to give our associates as much flexibility as we can," the spokesman said.
