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My employer recently switched payroll companies and our 401k contributions were not being invested. This took about 3 months to get resolved. My paycheck lists my YTD contribution as 14k, but the provider has me at 16k for the year. My employer screwed up and sent more money in or something like that. Any advice? This is a medium sized company so this was a confusing ordeal for them. We are weak in HR department.
It is not part of a company match. The $$ was held back for months, and then company sent lumpsum check. On my provider said it says my YTD contribution, and my paycheck has a lower YTD contribution. We do not have a CFO. It would either be owner, or HR.
Technically, if your 401k contribution wasn't deposited within 7 business days, you are due earnings on the money. Keep in mind it's possible to have the funds deposited in the plan but not yet deposited to your account. They could be in a holding account within the plan trust.
I'll leave it up to you to decide if it's worth ruffling feathers with your employer.