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
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra