Is my company screwing us with new 401k plan?

Is my company screwing us with new 401k plan? I currently work at a very small company in North Carolina. We used to be around 25-30 people but the past 8 months we've seen a mass amount of people get forced into 1099 roles or leave the company due to changes in management, poor culture, and a CEO who puts profits over his employees. One of the few bright spots of working at the company was...

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