[9422WMR]

My employer does not post matching funds to my 401K retirement account until April of the following year. I contribute weekly, (unfortunately loosing money on that investment the last 10 years, but that's another story) but the matching funds do not get deposited until the following year? That just seems wrong to me. I know, it's free money, don't complain, etc. Anyone else have this experience?

[dougiefresh]

Yeah, it’s perfectly legal. Companies are not even required to match if they don’t want to. However, I would be interested in knowing your investment selections. If you’ve been investing consistently for 10 years, your funds should be in positive territory.

[goseminoles]

You are “loosing” money. It should be matched as you contribute.

[mnehring]

Sounds normal. Nice clean accounting to have it hit at one time.

[proxy_user]

We do it in February, I just got mine. They can do whatever they like, and don’t have to match at all.

Of course, anyone who is no longer with the company, for whatever reason, does not receive it.

[RobertClark]

I had two previous employers that made the contributions the same way. It makes sense. Since they are matching an amount that is a percentage of your income, what if they contribute for six months with your pre-tax contribution at 10% and then you drop to 1% for some reason. If that were the case, they would have overmatched.

[Hoodat]

With the 2-point reduction in Social Security taxes this year, everyone should put that in their 401(k) instead. This is exactly what Bush proposed a few years back. We all know Social Security won’t be there when we retire, so take those extra 2 percentage points while you can and divert them into an actual retirement account instead.

[Trajan88]

In the last few months, I got my first raise in 3+ years (comes no where close to matcing inflation).

401(k) was nixed over 2 years ago. Reasoning for no 401(k) match is company doesn't know what the future holds (like any company knows what the future holds with certainty).

Company makes way more now than ever did in the past when had matching.

Once this economy goes full throttle consistenty, I suspect lots of folk will be shopping their talents to the highest bidder(s).

[tflabo]

At least you get an employer match. My employer does not match 401-K although the healthcare plan is excellent. Being in good health I’d rather have the match instead.

[Cheerio]

I might be wrong, but I think a companies 401K plan is approved by the IRS, and maybe ERISA. I would think there has to be a written policy on when the matching funds are put into your account - that would be the rule and I don't believe a company/corporation can just up and change it without notice to the employee and IRS.

[Intolerant in NJ]

My employer does not post matching funds to my 401K retirement account until April of the following year...sounds like the same deal that allows IRS holders to claim deposits into their accounts for one year but not actually deposit the money up until April 15 of the following year - legal, but you lose income from the money deposited in the meantime.......