This morning I was talking to my HR person about my 11/30 401K contribution that still hasn't shown up in my 401K account as of today, 12 days later.
Turns out there was an internal issue with bank account and although HR send payment to 401K provider on 12/2, it only got proceeded on 12/9. So hopefully I will see my contribution in my plan later today or tomorrow morning. I'm not happy about it as missed the whole last week of capital growth, but nothing that I can do or could've done at this point.
But this is not the shame and comedy.
As HR person was showing me various paperwork to prove that the payment was made and my money is accounted for, he showed me that wire transfer for $8,457 that was made to the 401K plan. This payment is for the total contribution made by our employees out of their 11/30/16 paychecks.
So about 50 people contributed a whooping total of $8,457. $1,900 of that amount is mine. So 49 people collectively are savings a grand total of $6,557 per paycheck into their 401K plans.
This comes out to on average $3,212 savings per person per year.
I knew that as a general population, people do not save enough into their 401K plans, but I really never saw numbers for myself.
And, as far as I can tell, none of my coworkers have been inquiring about missing contribution in their 401K plans. I was the only one who brought it up.