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Author: TheBadger Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25316  
Subject: Re: 401k Employer Problems Date: 3/8/1999 9:22 PM
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Generally speaking, an employer must remit "401(k) employee deposits" on the same basis that the employer remits Federal tax, Fica, Medicare & State Tax withholdings to the respective agencies. It could well be that your employer, although large in your eyes, does have 15 days to remit. If this is the case, it cousld take another 3 to 5 days for the remittance from the employer to the Trust (which safeguards your money) to actually be reflected in account balances that may be visible to you.

All that being said, your deduction from your 1/15/99 paycheck should have been reflected in your account (as additional mutual funds shares purchased or whatever) no later than 2/5/99.

If, as you say, as of 3/9/99, your 1/15/99 deductions have not been deposited, IMHO you next message/call to the controller should say that if you don't receive a reasonable response within 24/48/72 hours; your next call will be to the IRS.

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