My last employer before I retired had an unusual retirement plan. The company owner & founder started it in the late 70’s. The company (him) contributed an amount equal to 10% of each employee’s gross wages annually. Employees weren’t allowed to contribute. The really unusAl part we’re the hard-fast withdrawal rules (after qualify & vesting).
Must be over 60
Become permanently disabled
Or die
No taking it with you if you leave, rolling it over, hardship reasons, cashing out early, borrowing against it, etc. No exceptions. He said many times, “It’s my money funding this so I make the rules. This is for your retirement.” Plan has assets of over $40 million today.