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Author: wisenlucky One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75336  
Subject: Re: Is my employer breaking the law? Date: 7/31/2001 3:11 PM
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masterwjm,

I am fairly certain that your employer is NOT breaking the law.

As you can see from the response posts, your employer has 15 business days after the end of the month during which the funds were withheld to remit them to the plan. That means that funds withheld on July 1, 2001 do not have to be remitted until Aug 21, 2001.

I am the plan administrator at my employer, and I know that it was a very difficult task to prepare the necessary submission documentation with our old computer system. It essentially had to be prepared by hand, keying all the data in a spreadsheet. As a result, I only submitted the information (and funds) once a month, beginning the process on the first of the following month. Allowing for mail time, I always met the deadline.

Our new system allows me to output the information directly into a spreadsheet for submission, so I submit it every payday.

Your employer seems to be taking every bit of their time, and could possibly process the payment faster. But they may not be able to complete everything any faster. I would hate to see you damage your relationship if they really need the time, and if you otherwise like your job.

Yes, they can't legally punish you for complaining, but you know and I know that things happen. If I were you, I wouldn't go any further. But, as usual, that is just my opinion.

WiseNLucky
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