employer messed up 401K contributions

1,818 Views | 9 Replies | Last: 3 yr ago by Whirligigs
EliteZags
How long do you want to ignore this user?
AG
so I just noticed this week that my 401K contributions from Jan-April were not getting deposited in my account even though deducted from each paycheck

it's about $7K of missing contributions, which given the timeline isn't really the worst situation, wish I would've noticed in early June but after today I'll take it if it can be 'resolved' quickly. I'm pretty much just faking outrage with the payroll/benefits team and demanding the funds get deposited asap, before the market bounces, obvs it could still go either way but I'll take todays level over Q1 and call it a win, anything else I should be considering given these circumstances?
Bird Poo
How long do you want to ignore this user?
AG
Do you work for a large company?
EliteZags
How long do you want to ignore this user?
AG
yes but through an agency that handles benefits
Husky Boy Jr.
How long do you want to ignore this user?
AG
You may want to do some googling on this - but in my experience working with small employers (under 500) when we were late or made errors on 401k contributions we had to do calculations and make the employees whole for any lost opportunity costs.
EliteZags
How long do you want to ignore this user?
AG
well point is would be in my best interest to not be 'made whole' for the 'opportunity' between Q1 and now
KT_Ag08
How long do you want to ignore this user?
AG
Having done these calcs before, there's no reason to ask for anything aside from immediate deposit with the market down as much as it is. They wouldn't take anything away but there isn't a basis to be "made whole" like you otherwise would have in many prior years.
D-Fens
How long do you want to ignore this user?
Do you work for Burisma? If so, ask the big guy.
DannyDuberstein
How long do you want to ignore this user?
AG
They inadvertently did you a favor
JSKolache
How long do you want to ignore this user?
AG
ADP or Paycom?
Whirligigs
How long do you want to ignore this user?
Stop yer *****ing and get back to work.
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.