Author Topic: How long to show on 401k account?  (Read 2935 times)

firelight

  • Handlebar Stache
  • *****
  • Posts: 1070
How long to show on 401k account?
« on: May 06, 2016, 06:14:59 AM »
How long does it take for the money to show up in 401k account in Fidelity after salary is credited? My account always takes a couple of days to process the transaction. For eg, if I got paid on Friday, it shows up as processed only by Tuesday/Wednesday of next week. Is this common?

slappy

  • Handlebar Stache
  • *****
  • Posts: 1456
Re: How long to show on 401k account?
« Reply #1 on: May 06, 2016, 06:31:38 AM »
That's always been my experience.

ooeei

  • Handlebar Stache
  • *****
  • Posts: 1142
Re: How long to show on 401k account?
« Reply #2 on: May 06, 2016, 06:56:05 AM »
That's how it's been for me in both plans I've had.

NorCal

  • Handlebar Stache
  • *****
  • Posts: 1503
Re: How long to show on 401k account?
« Reply #3 on: May 06, 2016, 07:23:20 AM »
It entirely depends on your employer.  Many employers send the money to 401(k) providers the same day they process payroll, so it will show up a day or two later.

However, aren't required to send it immediately.  They legally have 60 days to send the money.  I once worked for a company that floated it ~30 days, but that's pretty uncommon.

MrsDinero

  • Pencil Stache
  • ****
  • Posts: 933
Re: How long to show on 401k account?
« Reply #4 on: May 06, 2016, 07:28:16 AM »
3-4 business days for me. 

mlejw6

  • Stubble
  • **
  • Posts: 223
  • Age: 43
  • Location: Alexandria, VA
Re: How long to show on 401k account?
« Reply #5 on: May 06, 2016, 01:21:14 PM »
I think mine shows up the day of or the next day, though I'm not sure as I don't really check. What I do know is it is dated the same day as my paycheck.

BarkyardBQ

  • Pencil Stache
  • ****
  • Posts: 666
Re: How long to show on 401k account?
« Reply #6 on: May 06, 2016, 01:27:38 PM »
Mine show up 2 days after, DW are same as payday.

NoStacheOhio

  • Handlebar Stache
  • *****
  • Posts: 2136
  • Location: Cleveland
Re: How long to show on 401k account?
« Reply #7 on: May 09, 2016, 08:26:14 AM »
https://mandmarblestone.wordpress.com/2011/04/15/timely-remittance-of-401k-contributions-what-every-plan-sponsor-must-know/

I work for a big company that uses Fidelity (just upgraded to Institutional Plus shares! w00t). I get paid on Thursdays, usually my buys happen the following Tuesday or Wednesday (obviously holidays are different).