No. of Recommendations: 0
TMFPixy wrote:

Your employer has until the 15th business day of the month following the
month of the deduction to deposit your contribution into your 401k account.
In the example you cited, that time limit was met. However, if that's not the
case with other deposits, then you have legitimate grounds for a complaint
and should pursue the matter with your employer. The rules are quite clear
and quite strict. If your employer cannot provide a satisfactory explanation
and/or if the problem persists, then you should complain to the Department
of Labor, the government agency response for enforcing this requirement on

Thanks for the info. From everything I've seen, it would appear that my employer falls within the legal limit, even if I'm not happy with their slow response. Perhaps a letter to corporate HR asking for more information about the delays is in order.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.