#administrator

Over contributed to 401k. Do I have to notify plan administrator?

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Over contributed to 401k. Do I have to notify plan administrator? Hi all, I’m wondering about the following situation. I switched jobs last year and overcontributed to 401k: Job1: contributed 23k to Roth(has 50% match) Job2: contributed 11.5k to Roth (100% match up to 11.5k) So I’m not sure what to do – I already paid taxes on my contributions. I just technically need to withdraw contributions + earnings and p…

Reddit Personal Finance 1.2k 2025-02-16

401k administrator fee changing from 0.1% to 22.5%

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401k administrator fee changing from 0.1% to 22.5% I have a 401k from a previous employer that is in the process of being closed out since the owner sold the company. The plan has been in the process of closing for several months. But the funds still have not been dispersed. A couple of days ago the former company owner who is the plan administrator sent an email to some of us former employees, …

Reddit Personal Finance 941 2024-12-20

I Am a Passionate Mid-Level University Administrator, and I’m Gonna Administrate the Shit Out of This Place

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I Am a Passionate Mid-Level University Administrator, and I’m Gonna Administrate the Shit Out of This Place Look, this place needs to be administrated, and I’m the guy to do it. I know you’ve been doing your best, but you’ve been held back. You haven’t been given what you need to be successful. And I’m not talking about money. I’m not talking about resources and opportunities for growth. You’ve had plenty of that. Your problem is that no one gave you …

McSweenys 494 2024-11-19

Claimed unclaimed funds belonging to my deceased husband as administrator of the estate. I received the check today and it was made payable to me, NOT the estate

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Claimed unclaimed funds belonging to my deceased husband as administrator of the estate. I received the check today and it was made payable to me, NOT the estate Any reason why it would be made payable to me and not the estate? I have to distribute some funds to other family members per the rules of the estate and I don’t want to end up potentially paying taxes on their share… submitted by /u/BubblySun

Reddit Personal Finance 675 2024-06-16

I have been on FMLA for 3 months. I’m going back to work in a week or so, but my company continued paying me. I just realized the leave administrator has not been reporting the hours.

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I have been on FMLA for 3 months. I’m going back to work in a week or so, but my company continued paying me. I just realized the leave administrator has not been reporting the hours. Will I have to pay back everything? I have less than a month of expenses saved. I thought there were benefits I was missing as there have been so many changes in my company’s offerings over the last year, but now i’m worried I’ll have to pay back or have my pay deducted for 2.5 months. I don’t have enough in savings to cover that because I just …

Reddit Personal Finance 398 2023-10-12

John Hancock requires an administrator at a bankrupt company to “approve” rollover.

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John Hancock requires an administrator at a bankrupt company to “approve” rollover. Hello, I’m looking to rollover my 401k. Many of my coworkers are looking to do the same or make withdrawals to not become homeless. Our company went bankrupt (900+ people). We’re all missing many months of our 401k contributions that were taken out of our paychecks. Now with our company fully bankrupt and filed in Federal Court, all 100% of us a…

Reddit Personal Finance 158 2023-07-13