Is there a law or standard time frame a company must follow when transferring employees' money to the company 401(k) plan? We sometimes allow up to 10.
--Anne Harney, Human Resources Director, Collins Engineers, Inc.
A Dear Anne:
You have little to fear.
You have 15 business days from the time you received the money or the money was placed in your general business account.
SOURCE: Todd Raphael, Online Editor for Workforce, and the United States Department of Labor, April 26, 2000.ASK A QUESTION
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