how long can my company hold on to my 401k contribution before they actually have to deposit it in the plan?

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how long can my company hold on to my 401k contribution before they actually have to deposit it in the plan?

2007-07-05 08:26:18 · 2 answers · asked by spudking49@sbcglobal.net 1 in Business & Finance ➔ Investing

2 answers

I think the law is 7 days for the portion you designate.

As for an employee match, they can wait till the end of year and do 1 lump sum or they can do it in quarters or weekly.

2007-07-05 08:29:35 · answer #1 · answered by csucdartgirl 7 · 0⤊ 0⤋

good question! maybe ask your company's hr dept. what their policy is...

2007-07-08 21:15:24 · answer #2 · answered by njyogibear 7 · 0⤊ 0⤋