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More payroll anomalies!

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By scooby
Contributed by anonymous:

If our 401K money would be posted on time, when the market was down, we might have made 2% today, but oh no they are going to again blame it on a computer qlitch that i was told was fixed last time? I talked to a Fidelity Rep a couple of weeks ago and she indicated that by law LLNS actually has 45 days to post our money. I don't know if thats true but something needs to be done!

Comments

Anonymous said…
Maybe everyone is getting a bit paranoid. I just
saw that the funds were posted\ on Monday, March 24. The reason there were not posted on Friday
March 21 was that it was a market holiday
3/25/2008 12:42 AM
Anonymous said…
Okay so we have that settled. Good thing someone is keeping an eye on it. Maybe the rest of you will now do the same. As the advertisement says, "It's your money and I need it now." On the issue of LLNS being able to not post for 45 days. Does this mean they also keep the interest on that money for 45 days too or they just don't have to legally post the contribution for 45 days.
3/25/2008 4:33 AM
Anonymous said…
Well this is not settled. First off just because the stock market was closed doesnt keep LLNS from sending in YOUR hard earned money electronically. It didn't keep your money from going elsewhere
such as to your bank, Uncle credit union etc. I called Fidelity and their systems are ready 24/7 to accept transactions. We had the holiday on monday not anyone else. Get your heads out of sand, LLNS is keeping YOUR money 2 extra days and getting interset off it to boot. As far keeping the interest, I'm sure as long as it's in their hands , THEY don't own you a dime. A nice way to hack away at that match money they agreed on isnt it!! Paranoid?? being posted on Monday after 9:00 Pm is just plain ripping you off!!! Too us little guys it's really just pennies, but could you imagine gaining 24 hrs interest on say $500,000 worth of payroll???
3/25/2008 9:00 PM
Anonymous said…
Just as I thought!!! Nobody is the least bit concerned about their retirement fund...after all we all will be working somewhere until we drop!!!
3/26/2008 8:16 PM
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