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Message
Once A Year Employer 401K Contribution
Posted on 4/3/13 at 9:23 am
Posted on 4/3/13 at 9:23 am
Can someone explain this concept to me? My wife started her 401k last year and this week, she got her employer match for the entire year. Does that mean that only her contribution is providing a return? Basically every year, the money she is investing in the market is 1/2. Am I understanding this right?
3
Posted on 4/3/13 at 9:41 am to LETSGEAUX2
My company does their match quarterly. Even though i contribute weekly, their payment goes into my account every 3 months.
We also have union field workers, and their Pension payments are made every 3 months as well
We also have union field workers, and their Pension payments are made every 3 months as well
Posted on 4/3/13 at 9:46 am to LETSGEAUX2
Sounds like she gets her money a year late
Posted on 4/3/13 at 9:53 am to tigeraddict
Any employer contributions must be made before the company file their taxes, including extensions.
So for 2012 matching/profit sharing/safe harbor contributions a company can go up to September 15th of 2013 before making them.
Companies can contribute earlier as well (every payroll, monthly, quarterly, etc) but it is up to them.
So for 2012 matching/profit sharing/safe harbor contributions a company can go up to September 15th of 2013 before making them.
Companies can contribute earlier as well (every payroll, monthly, quarterly, etc) but it is up to them.
Posted on 4/3/13 at 10:38 am to Maderan
I get quarterly with a profit sharing.
Posted on 4/3/13 at 10:55 am to LETSGEAUX2
Posted on 4/3/13 at 11:00 am to Hand
quote:
Hand
Good link, explains much about this practice which is legal but not favorable to employees for the reasons stated.
Posted on 4/3/13 at 3:57 pm to Hand
quote:
LINK
I read that piece when it came out. A friend of mine at IBM is pissed. If she works for 11 months and leaves, she receives no co. contribution for the year. It's terrible for the employee. Luckily, I haven't seen this practice spreading much. Yet.
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