Search found 5 matches

by Seeker401
Wed Mar 20, 2019 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD? [What Would You Do]
Replies: 14
Views: 1391

Re: Employee Fiduciary 401k - WWYD?

MMDV. Last year I turned mine in prior to 1/31 and I received the report sometime in late April. No issues with my census. No follow up from them. What?!! That shouldn't happen, based on the supervisor I spoke with. He said that if all your information is received by 1/31, then they guarantee that ...
by Seeker401
Wed Mar 20, 2019 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD? [What Would You Do]
Replies: 14
Views: 1391

Re: Employee Fiduciary 401k - WWYD?

FYI - most TPAs guarantee a 6-8 week turnaround on year-end compliance once they have all of the information needed. That sounds more reasonable than the response we received from our rep, that they could not provide an estimate for how long the compliance testing would take (unless we paid the exp...
by Seeker401
Wed Mar 13, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD? [What Would You Do]
Replies: 14
Views: 1391

Re: Employee Fiduciary 401k - WWYD?

Smitcat - thank you sharing your experience and information. It was very helpful. We have spoken to an EF supervisor who is expediting the testing for us. He also apologized for the incorrect information that was being given, and for the frustrating process that we've had to endure. Hopefully we'll ...
by Seeker401
Tue Mar 12, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD? [What Would You Do]
Replies: 14
Views: 1391

Re: Employee Fiduciary 401k - WWYD?

Smitcat, thank you for your reply. Following up on your responses: "(1) Is this normal with other 401k companies (that testing is not guaranteed to be completed in time to file taxes unless you pay an expedite fee)?" Your respone: This has been our 4th year with Employee Fiduciary - we have never ha...
by Seeker401
Mon Mar 11, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD? [What Would You Do]
Replies: 14
Views: 1391

Employee Fiduciary 401k - WWYD? [What Would You Do]

Our company signed up for Employee Fiduciary's Safe Harbor 401k late last year. After a company meeting, only 2 of the owners signed up in time for 2018. Initially everything was fine, but things started to go downhill after they handed us off to our dedicated rep. In January, we asked them when the...