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 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
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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...
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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
