RSS icon

Top Stories


iDear Workforce -IWhen Must I Transfer 401(k) Money

You've got 15 days.
May 31, 2000
Recommend (0) Comments (0) ASK A QUESTION
Related Topics: Retirement/Pensions, Dear Workforce

Dear Workforce:

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.


 The information contained in this article is intended to provide useful information on the topic covered, but should not be construed as legal advice or a legal opinion. Also remember that state laws may differ from the federal law.

If you have any questions or concerns about, please email or call 312-676-9900.

The Workforce fax number is 312-676-9901.

Sign up for Dear Workforce e-newsletters!