Employer not depositing any 401k contributions I work at a small company (about 25 people) in Massachusetts. Earlier this year, we started a 401k. Everything went fine until about mid June when I got my money pulled from my paystub for my 401k but the money wasn’t going into the account (both my money and their match). This has been going on for six months and despite them pulling from my pa…

Previous employer terminating 401(k) plan; should I move the money over to a Roth IRA? A previous employer I had from a few years back was acquired by another company and is terminating its 401(k) plan as part of the process. My 401(k) with them is currently sitting at around $15K. Should I roll the cash over into a Roth IRA? It’s my understanding that I’ll have to pay taxes on the $15K as part of the rollover process. For furthe…

401K from ex employer sent a check Helping a family member here.. They worked for some months part time but they allowed contributions and matching to a 401K. They left some months ago and thought they could just leave the money there and let it grow. But today they received a check as total distribution and deducted federal taxes. Total is a few hundred. Their new job has a pens…

Design test from possible employer Genuine question for any junior designers just entering the workforce (ENTRY-LEVEL JOB)—I’m applying to a firm and they asked me to complete a design test. I said sure, but I am fresh out of uni and do not have access to any design software anymore, asking if they could provide me any other solutions. The HR manager replied and said if I can’t a…

Employer Withholding Taxes for wrong state Asking for my best friend, who is in bit of a tricky situation and can’t get help from their employer. First some context to explain the situation: Small retail business based out of Louisiana (LA). Item production for the store is done in North Carolina (NC) where my friend is based. Friend was telling me that the employer is withholding LA tax…

New Employer Doesn’t Offer a 401(k) match. Since my new employer doesn’t offer a 401(k) match, I don’t see it really making sense to move the funds from my old employer’s 401(k) to my new one. Options I see are 1). Leave it in the old employers 401(k). I checked and there aren’t any egregious fees due now that I’m not longer an employee. 2). Move it to an IRA at another instruction Pros…

Employer no longer sponsors HSA – close or pay monthly fee to keep open? My employer had previously offered a health insurance plan with a HSA with employer match, but no longer does. I have Inspira/PayFlex and noticed that they were taking $5 each month after I wasn’t enrolled in a high deductible health plan anymore. It looks like they charge $25 as well to close the account. I don’t mind paying the fee to close, b…

My employer is really late in matching my 401k contributions from 2023. Am I entitled to interest? My employer has a 401k program that matches 5% and I put in about 20k in 2023. My income for 2023 was about 200k. They match once a year and in numerous places it says they pay the match in March. The company delayed and said they would pay it in October. Then finally they delayed again and said it will be paid in December. This is a company-wid…

Please help me choose between employer HSA HDP vs PPO Hi! I am conflicted about which plan to choose from my employer. Details as follows: HSA HDP: $52 bi weekly. $1,700 deductible. $3500 out of pocket max. No HSA employer contributions. PPO: $100 bi weekly. $500 deductible. $3500 out of pocket max. I chose PPO for 2024 and had several specialist visits and a couple diagnostics. I anticipate the sa…

Am I misunderstanding my employer match? This is at my first job out of college. I recently made my first 401k contribution of $2,898.38. I see that my company offers a 100% match of 4% of annual salary, which would be $2800 for me. The employer match I received was only $116.67 instead of $2800. The $116.67 seems to be 4% of the $2,898.38 I contributed instead of matching 4% of my $70…

Employer Switching Me from W-2 to 1099 Next Year. Is that ok? Hi everyone! I work as a remote administrator, but I have the option to work in office if I choose. I use the employer’s programs and follow their very specific processes for handling tasks. I have step by step lists provided by my employer that I follow in order to complete my work. And I can only work a certain number of hours daily, no weeken…

Employer not matching 401k for two years Hi everyone, I just received an email from our controller, director of HR and CEO indicating they have not been matching my 401k contributions (up to 5%) for the last two years. How my tax accountant and I had not noticed this is beyond me, but here we are. They are stating they are depositing the lost funding, but my retirement portfolio has sl…

Can former employer release 401k to some employees and not all? The company I worked for was a property management company that managed 30 properties for an Owner. I had worked for them 15 years. The owner pulled them as managing in September this year and new management company took over October 1st. All employees went to new company (that wanted to), myself included. The new company doesn’t offer a plan so…

What to Do When Your Employer Shifts Your Pay From Salary to Hourly Generally, if they want to, employers can change how you’re paid.

Employer no longer matches 401k. Do I still contribute, move my money to a ULI policy, or both? This year I maxed out my 401k contributions despite my employer getting rid of the match. Now I’m wondering if there’s a better way to invest/distribute that money. A friend recommended diversifying with a universal life policy since I could borrow against it down the road, but I’m not sure whether a VUL or IUL would be a better option (if at al…

Employer Insurance: HSA vs EPO Hello, I’m M35 married to F30 and we have two children 5 and 4. We’re a single household income of 65k. I’m debating whether the HSA or EPO provided by my employer would be the better option for us? I’m attaching the “compared plans” from their site tool. None of us have any health conditions. My wife and I rarely do checkups. Our kids go to the…

401k Loan from employer, but terminated I want to take a loan out of my 401k, employer sponsored. If I’m terminated with an outstanding loan or want to quit, my plan states that I will need to repay it within 60-180 days, otherwise it will be counted as a withdrawal, and I will need to pay the 10% penalty and income taxes. Is there a way to avoid this at all? Can I roll over the funds…

Employer Made a mistake in my offer letter Hey, so throwaway account for the sake of anonymity. My employer gave me an offer letter stating verbatim, “You will be paid a bi-weekly base of 2,100 which reflects a base salary of $68,000 per annum.” The offer letter was signed and when I received my pay, it was in line with the 2,100 that does not reflect the 68,000. I then brought up this i…

Advice on marketplace vs employer insurance I am in sales so my income is partially salary and the rest is commission-based. I was also promoted this year which had me project my income a lot lower for the marketplace and that my employer’s plan was unaffordable (over 8.39% of household income). I was on my employer’s plan in 2024 (employer covers the majority of employee premium but not…

Employer Stock ESPP Plan My employer is just stating an ESPP plan. Stock is offered at a 15% discount. Should I do this? My (limited) understanding is that if I sell right after the shared I buy vest then I get a +15% (minus taxes) no matter what… In general what’s the strategy with employee stock purchase plans? submitted by /u/StellarScribe123