Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now
3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Money & Services > Other Money & Services   »   401K Contributions by employer

 
Thread Tools Display Modes
Question
 
 
#1  
Old May 20, 2007, 06:20 AM
dart01
New Member
dart01 is offline
 
Join Date: May 2007
Posts: 2
dart01 See this member's comment history on his/her Profile page.
401K Contributions by employer

Hi.

My employer (brother) is not contributing my 401k deductions from my check to my 401k plan. I had talked to his accountant, his 401k administrator at work, the 401k Provider (Principal, Horrible customer service on their part), everybody is giving me the run around.

Who legally should I contact to have this resolve? The Labor Department, IRS, a tax advisor, a lawyer (last resource).

Reply With Quote
 
     

Answers
 
 
Old May 20, 2007, 06:51 AM   #2  
Christianity Expert
Fr_Chuck is offline
 
Fr_Chuck's Avatar
 
Join Date: Nov 2005
Location: Atlanta GA
Posts: 27,986
Fr_Chuck has disabled reputation
He is taking it from your pay and exactly what is he doing with it ? holding it to make quarterly deposits, or just stealing it from you.

If you have check stubs showing he held it out of your pay, a lawyer is where you go, since this is a civil action and a criminal action. They could be charged with theft and fraud if they are taking it from you and not giving you credit for it.
  Reply With Quote
 
     
 
 
Old May 21, 2007, 10:35 AM   #3  
Ultra Member
ebaines is offline
 
Join Date: Apr 2007
Location: Illinois, US
Posts: 2,367
ebaines See this member's comment history on his/her Profile page.ebaines See this member's comment history on his/her Profile page.ebaines See this member's comment history on his/her Profile page.
From an article I found on-line at: Got A 401(K) Question? - Personal Finance News Story - WDIV Detroit

"Legally your employer must deposit your money no later than 15 business days after the end of the month. This means that it could take as long as six weeks from the time the money is withdrawn from your paycheck before it turns up in your 401(k). Think your employer is doing something fishy? You can file a complaint with the Department of Labor."
  Reply With Quote
 
     

Bookmarks


Thread Tools
Display Modes

 
Similar Sponsors

Similar Threads
Question Asker Forum Answers Last Post
401K contributions p koch Payroll 1 May 20, 2007 06:28 AM
401K deductible contributions? F1-OPT Tuscola200 Taxes 5 Apr 24, 2007 02:02 PM
401k Contributions ajrohde Taxes 2 Mar 5, 2007 09:49 AM
C2C/1099 - Medical and 401K contributions ikonos Taxes 1 Feb 28, 2007 10:12 AM
How many maximize 401K contributions? needananswer Investing 1 Jan 29, 2007 08:53 AM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 08:27 AM.