401k question - 7/18/13 | TigerDroppings.com
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DzNtz
LSU Fan
BR
Member since Oct 2007
522 posts
Online

401k question

How long should it take my employer to deposit his matching contributions to my 401k?

I assumed it would be with my weekly deposits. Should it be quarterly, annually? Seems like I am missing out on some money by him not depositing more promptly.


makersmark1
Auburn Fan
Member since Oct 2011
2372 posts

re: 401k question
every pay period


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agdoctor
LSU Fan
Louisiana
Member since Dec 2004
1959 posts

re: 401k question
Should be within a couple days of each pay period but I know some smaller companies that do it quarterly.


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tigers win2
LSU Fan
Baton Rouge
Member since Oct 2009
2233 posts

re: 401k question
If its a discretionary match, they can wait until year end.

Otherwise the 15th day rule applies which means by the 15 th of the following month at the latest. Most do it within a few days but Issues arise if they miss the 15th day rule.

Verify elsewhere, but that's my understanding.


Edit: here ya go; I was bored. LINK
This post was edited on 7/18 at 7:54 pm


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West Monroe
west Monroe, la
Member since Jan 2005
903 posts

re: 401k question
The company I work for does it annually.


DzNtz
LSU Fan
BR
Member since Oct 2007
522 posts
Online

re: 401k question
I see. Thanks.


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HurricaneDunc
Bowling Green Fan
Houston
Member since Nov 2008
9825 posts

re: 401k question
whenever they feel like it


Maderan
LSU Fan
Member since Feb 2005
516 posts

re: 401k question
Annually up to their tax filing deadline in the next year including extensions. So the latest is middle of September for the previous year.


DzNtz
LSU Fan
BR
Member since Oct 2007
522 posts
Online

re: 401k question
Damn. I was hoping that it would be simultaneous with my contributions. I checked the plan handbook and it doesn't say much. Oh well, thanks for the info.


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