Employees dipping into their 401(k) plans to meet immediate financial needs is a problem that continues to go ignored by employers, says Financial Advisor Magazine.

So said the Consumer Financial Protection Bureau in a report this week. Writing about the report, Financial Advisor Magazine noted that 401(k) dipping was among the worst employee financial practices that many companies simply ignore. Doing so is both a disservice to the employee and an added cost to the employer, the bureau advised.

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