Do my employers contributions go into the Retirement Plan plan at the same time as mine?
Your salary deferral contributions are deducted directly from each paycheck and deposited in your Retirement Plan account- regardless of whether you are paid on a weekly, biweekly or monthly basis. Employer matching contributions do not have to follow the same schedule. Your employer may put matching contributions into the plan along with employee salary deferral contributions or add the matching contribution monthly, quarterly or annually. Your employer may also offer an additional profit sharing contribution. Profit sharing contributions are typically made to the plan annually.
Related Questions
- Can an employer maintain both a single employer plan and a qualified retirement plan and make deductible contributions to both plans?
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- Do my employers contributions go into the Retirement Plan plan at the same time as mine?
