For US Employees - 401k Plan Poll
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
At the University of Pittsburgh we get ours monthly which is the same frequency of our paycheck.
John
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
I am not saying that it is impossible for deposits to be made monthly or quarterly, but I have never seen it any other way than bi-weekly or when ever the pay period was. And btw, the 401 here sucks.:sigh:
God Bless, Jason
Paul Conrad wrote:
Chuck Norris keeps the hamsters going whenever Chris is gone on vacation. Just stares them down and they keep the servers going
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
2 Companies over 35yrs (Large multinational bought small US firm), At both 401k deposits (including matching) at same frequency as paycheck (2 wks). Insurance premiums typically monthly, though. Has a significant impact long term, as compounding better with 26 deposits/yr than 12 larger ones/yr. Present employer has 200,000+ employees. I suspect their payroll dept might know a bit more than your acct. So she's been wrong at every previous opportunity?
We need to graduate from the ridiculous notion that greed is some kind of elixir for capitalism - it's the downfall of capitalism. Self-interest, maybe, but self-interest run amok does not serve anyone. The core value of conscious capitalism is enlightened self-interest. Patricia Aburdene
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
My contribution is withdrawn with each paycheck and the company contribution made annually. I don't mind it only because it's not based on my own contribution and is a pretty significant percentage.
BW
Quick to judge, quick to anger, slow to understand.
Ignorance and prejudice and fear walk hand in hand.
-- Neil Peart -
I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
I work for a nonprofit and have a 403b (effectively the same thing as a 401k) instead. We don't have any matching instead everyone gets ~9% of their salary added to a retirement fund regardless of what we put in the 403b.
-- You have to explain to them [VB coders] what you mean by "typed". their first response is likely to be something like, "Of course my code is typed. Do you think i magically project it onto the screen with the power of my mind?" --- John Simmons / outlaw programmer
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
At the same interval as your pay period which for me has usually been twice monthly.
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
Roger Wright wrote:
at what intervals do you receive your employer's matching contribution?
Today, an employee match into a 401k is more of a luxury than a given. I'd be happy with any match frequency - even yearly! /ravi
This is your brain on Celcius Home | Music | Articles | Freeware | Trips ravib(at)ravib(dot)com
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
Roger Wright wrote:
If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
Generally speaking, this is up to the company as to when they do the "physical deposit" but you may be thinking of things differently. A "physical deposit" may be made to the 401k holding company per quarter or per month, but the internal accounting system will track the biweekly/weekly deposits per employee. When I did the payroll programs for my previous employer, the payments were made on a journal entry only (internal accounting) to a vesting account. That vesting account was paid out based on employee vesting percent on a per quarter. If you quit before fully vested your unvested funds were moved back to another journal line. All this means is that internal accounting can track full and partial vestiture, as well as matching per paycheck, and still make a physical deposit on a per month or per quarter. So you can both be right. Accountants can do all kinds of fun things with your money. :)
_________________________ Asu no koto o ieba, tenjo de nezumi ga warau. Talk about things of tomorrow and the mice in the ceiling laugh. (Japanese Proverb)
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
Im new to this 401k stuff(this is my 1st real world job), but i contribute about 1/5 of my biweekly check into the account. of that 1/5, my company matches up to 2%. Both my contribution and the company's contribution are shown on each paycheck with year to date and all those other fancy stats...
-------------------- [Insert Witty Sig Here]
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
Roger Wright wrote:
If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
Yearly.
"A good athlete is the result of a good and worthy opponent." - David Crow
"To have a respect for ourselves guides our morals; to have deference for others governs our manners." - Laurence Sterne
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
The company I work for matches quarterly, all other employers (that I can recall) that offered a matching contribution was either quarterly or semi-annually.
"Let's face it, the average computer user has the brain of a Spider Monkey." Bill Gates
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
Roger Wright wrote:
If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
I'm not a US Employee, but would it really matter? If the dates are only a couple of weeks out surely it isn't really going to hit the investment much.
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
For the past several years, our company has allocated a fixed amount for an annual company contribution to the 401K. 20% is evenly distributed to all employees whether they participate in the 401K or not. The other 80% is distributed based on employee contributions (which isn't known until the end of the year). If one persons contribution represents 5% of the total amount of all of the employee contributions, he gets 5% of the 80%. Steve
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I have a running debate with our accountant, and maybe you can provide some useful input. In every job I have ever had in the past 30 years, if they offerred a 401k (or equivalent) plan that includes a matching employer contribution, the matching amount was deposited bi-weekly, with each paycheck. The period of time required for vesting varied with policy and law changes, but the deposit interval never varied. Our accountant claims that she has never seen one that worked that way - all she has ever seen made matching deposits monthly or quarterly, and that the most common standard is, in her opinion, monthly. If you are a 401k plan participant, at what intervals do you receive your employer's matching contribution?
"A Journey of a Thousand Rest Stops Begins with a Single Movement"
Yearly
