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Reply to "Where are my 401K Contributions?"
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[quote=Anonymous][quote=Anonymous]I’m OP. I asked HR. Someone messed up but no one will admit it. It has something to do with the new payroll provider. Not good. [/quote] OP, don’t let this go. Please read this site on how late contributions are to be corrected: https://www.irs.gov/retirement-plans/401k-plan-fix-it-guide-you-have-not-timely-deposited-employee-elective-deferrals Your employer owes you lost interest and their is a voluntary correction program that they need to adhere to. Lost contributions are to be calculated from when the money should have been deposited (look at historical trends - is that usually 3 or 5 days post-payday?) to the day they are actually deposited. Plans can perform the calculation based on your exact investments (which is cumbersome) or they can use the DOL’s calculator that provides an average interest rate during that period.[/quote]
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