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Author: FreeFlyingFool Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76238  
Subject: Is my 401(k) provider playing funny games? Date: 12/17/1998 6:31 PM
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Hey all,

I'm not sure if this is the right board for this question, but hear me out. My employer switched to Prudential as its 401(k) provider a number of months ago. In the months since then, a few of us have noticed some strange games going on with regard to the timing of deposits. We're paid monthly, and you might be tempted to think that our retirement money would therefore be deposited monthly. Oddly, that's not the case.

Sometimes, no money is deposited in a given month. Other times, we see a double deposit. Still other times, the right amount of money goes in, but it's delayed (for example, the money from my September 1 paycheck wasn't actually invested until October 9th).

I have several questions:

1) Is this in any way normal?
2) Is this in any way legal?
3) Does anybody else have a similar story?
4) Is this more likely the fault of Prudential or my employer?

Thanks for your help.

--
FreeFlyingFool

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