|
Yes. Your employer must
invest your 401(k) contributions no later than 15 business days after the end of month in
which the money was deducted from your paycheck.
Your employer can get an additional 10-business day extension beyond the 15-day limit if
it satisfies DOL and IRS requirements. One such requirement is that employees must be told
that their contributions have not yet been invested. (Needless to say, this requirement
alone is a deterrent for most employers.)
Generally, most plans invest employee contributions within two to three weeks. |
|
