401k question | TigerDroppings.com

Posted byMessage
DzNtz
LSU Fan
BR
Member since Oct 2007
491 posts

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.







Back to top
Share:
makersmark1
Auburn Fan
Member since Oct 2011
1677 posts

re: 401k question


every pay period





Back to top
  Replies (0)
agdoctor
LSU Fan
Louisiana
Member since Dec 2004
1800 posts

re: 401k question


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





Back to top
  Replies (0)
tigers win2
LSU Fan
Baton Rouge
Member since Oct 2009
2010 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


Back to top
  Replies (0)
West Monroe
west Monroe, la
Member since Jan 2005
895 posts

re: 401k question


The company I work for does it annually.





Back to top
DzNtz
LSU Fan
BR
Member since Oct 2007
491 posts

re: 401k question


I see. Thanks.





Back to top
  Replies (0)
HurricaneDunc
Bowling Green Fan
Houston
Member since Nov 2008
9497 posts

re: 401k question


whenever they feel like it





Back to top
Maderan
LSU Fan
Member since Feb 2005
492 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.





Back to top
DzNtz
LSU Fan
BR
Member since Oct 2007
491 posts

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.





Back to top
  Replies (0)


Back to top