401k, Is there a time limit for the employer?
Posted by admin
william p asked:
My employer deducted money from my paycheck for my 401k on Dec. 28, 2007 and the investment company hasn’t received the contribution. Also, I have received 2 paychecks since then, on Jan. 11 and Jan 27 and The 401k contribution was deducted out of each check, but nothing has posted to my 401k account… Normally the contributions will post within 2 weeks, but its been over a month and I’m really getting concerned. How long does a company have before they forward the funds to the investment company? thanks
Question posted courtesy of: Diane
My employer deducted money from my paycheck for my 401k on Dec. 28, 2007 and the investment company hasn’t received the contribution. Also, I have received 2 paychecks since then, on Jan. 11 and Jan 27 and The 401k contribution was deducted out of each check, but nothing has posted to my 401k account… Normally the contributions will post within 2 weeks, but its been over a month and I’m really getting concerned. How long does a company have before they forward the funds to the investment company? thanks
Question posted courtesy of: Diane
