Actually, the OP's employer is probably NOT in compliance. What the law says
is that the employee contributions must be deposited "as soon as
practicable, but in any case NO LATER THAN the last day of the month
following."

It is a case-by-case determination what constitutes reasonably practicable
for that employer, given the resources available to them. Most employers
have the ability to transmit the contributions within a couple of days, just
like they have to deposit withheld federal tax. Nobody gets a free pass
until next month.

Susan

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:OQ2O9jD5GHA.1252[at]TK2MSFTNGP04.phx.gbl...
- quote -

Compliance with the law and doing the right thing by your employees when you
are **sitting on their money** are not necessarily synonymous. In most cases
re. 401ks, compliance with the law is a really low barrier set in the
interest of the employers not the employees.

"PapaFrank" <notme[at]verizon.net> wrote in message
news:OpvdAkC5GHA.1012[at]TK2MSFTNGP05.phx.gbl...
- quote -

Sorry but I must jump in.

Why complain to management they are in full compliance with law. Employee
Deferrals must be deposited no later than last day of month following
deferral.

Employer Contribution due on company tax filing date.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uLrR1lO4GHA.4764[at]TK2MSFTNGP05.phx.gbl...
- quote -

In microsoft.public.money, DRUAngell wrote:

- quote -

Yes. You may see both words at times, but they are the same.

- quote -

It means you need a different method to track things, but I am not
really up on the pros and cons of those various methods.

Ok, I think I figured a way I can play with this. I didn't realize how the
Contributions section and the Investents section worked together in that
account. I can't use symbols because of the particular 401k type that I
have, but I can least make it balance.

Thank you both for your info!

"DRUAngell" wrote:

- quote -

Yes. Indeed, if you want to have one register that matches what they
employer does with your paychecks and one that matches what the 401k plan
sees coming from the employer, there doesn't seem to be another way.

I'd also be complaining to my employer about how they are putting your money
to work for them in the interim. Many plans do this to greater or lesser
degrees. It's always abusive in my book.

(Mine holds for five business days. My wife's holds typically one.)

"DRUAngell" <DRUAngell[at]discussions.microsoft.com> wrote in message
news:40D29F0D-38D0-4747-8766-E351C53EE825[at]microsoft.com...
- quote -

Hmmm...it sounds like you might be on the right track for me here. I'm using
Money 2007 and in that 401k account I have Cash Transactions and Investment
Transactions. Is Cash Transactions the equivalent of the Contributions
register? That's actually where everything is going at the moment, and
Investment Transactions isn't being used at all at the moment.

There's another little snag there is that the 401k is from johnhancock.
They have their own special accounts setup where their people invest your
money into a whole bunch of different mutual funds (based on a prefernce you
specify: conservative, aggresive, very aggresive). Well, it doesn't really
have an actual Stock ID or whatever that is that you put into Money so that
it can track your investments for you. Would that be a problem?

"Cal Learner-- MVP" wrote:

- quote -

You could modify your paycheck deposit transactions so that the
transfer only occurs once a month - for the 3 "non-match" paystubs per
month, delete the income and transfer lines for your employer's
contribution when you're entering it into the register. This more
accurately reflects what's happening.

On the other hand, the investments should match exactly, and I'd think
that's more important. Once a month you actually update the purchases
with your and your employer's contributions. By that time, the money's
there correctly.

To me, this is small next to the problem of tracking unvested portions
of an employer's contribution. I've resorted to keeping two separate
accounts (one for mine + vested and one unvested) so I can reconcile
the shares/balances to my statements.

Good luck - John


DRUAngell wrote:
- quote -

In microsoft.public.money, DRUAngell wrote:

- quote -

Do you know what the cash sent to the account is used to do? For
example, does it get used to purchase a specific mutual fund (or
funds) each month, and you know how many shares you buy for the
money?

If that were the case, I would let the funds accumulate in the
Contributions register for the account. Then do your monthly Buy
that would bring the Contributions balance down to zero typically.
So the contributions register would serve to represent money that
has not yet been used to buy an investment.

If you are using a different method, such as only updating the
value, then some other method would need to be used.

I've got a 401k plan through work and a small chunk gets taken from my weekly
checks to invest into this account automatically. I've got my pay check
setup in Money with line items showing the gross amount, deductions before
tax, deductions after tax, etc. Since the money is taken from each weekly
check I went ahead and added a line in there for 401k, and I've created a
401k account in Money. The line item in my pay check for the 401k simply
transfers into the 401k account setup in Money. My employer also matches so
I manually add the matched amount into my 401k account in Money. Seems
pretty straight forward, so far.

The problem is that my employer only sends funds to the 401k company once a
month. So, if I actually look at the register at my 401k's online access it
doesn't match at all. Where I have 4 entries in my Money (weekly pay
checks), they're all combined into a lump payment in the actual 401k account.

This makes it difficult for me to manage and keep everything balanced. I'm
hoping that somebody else may have had a similar issue and found some kind of
a work-around for it? Maybe created a "middle-man" account in Money that
holds each weekly transaction and then move them all into my actual 401k
account in Money to match what the actual 401k account has...?? Does that
sound doable?

Any ideas would be greatly appreciated. Thanks!