Is it normal to have your contributions on 401k?

Question

on your check not match whats on the 401k website? Like it might be off a 1$ or even 10$. Example My 401k contribution out of my check is 99$ but when i check 401k.com and check the check that goes into the acct only shows 96$ or it can vary, i was told it depends of how the stocks you have are doing?

Answer 1

The actual deposit amount should match, but the effect on your account might not match exactly because of variations in the prices of the underlying funds. So it really depends on what you're looking at. I don't know what your onine statemt looks like, but generally you should have a line item for each fund that says purchased XX shares @ $X.XX or something. If you add all of those together, it should match exactly. If you're just looking at total account value, though, i wouldn't expect that it would match.

Answer 2

It is not normal. It should match exactly and to the penny. Be careful though that your company isn't a payperiod behind...you may be comparing the wrong deposit to your check.

The purchase amount should be exactly as your deposit says. If there is a front end load then you'll simply be buying fewer shares then someone who buys with a no load. They change the purchase price not the cash transferred.

Answer 3

The amount going in should match. The changes in funds shouldn't effect the amount going in. It will effect what happens to the balance once it is in. It may that you have administration fees that come out prior to the deposit of the funds. Call them up and ask about the possible discrepancy. Note: If those are fees they seem a little high.