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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 76418  
Subject: Re: Is my 401(k) provider playing funny games? Date: 12/19/1998 10:27 AM
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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
employers.


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.

--
FreeFlyingFool
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