Fedex - Slow Rolling 401K Deposits
#1
Gets Weekends Off
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Joined APC: Sep 2006
Position: I never did mind the little things.......
Posts: 261
Fedex - Slow Rolling 401K Deposits
I just got off the phone with Vanguard today and apparently our 1 Dec 2014 payroll deductions for 401K didn't get deposited from Fedex to Vanguard until 22 Dec 2014. THAT IS THREE WEEKS. Not acceptable, period. I really don't know how long this has been going on or if it is a one time glitch, but over a year we are talking about thousands of dollars of interest to the crew force as a whole that is going in someone else's pocket. Feel free to comment if someone has so information on this. Also, if anyone knows a good number at the company to call (besides payroll) to find out what is going on I would be interested to see that as well. Thanks.
#2
Gets Weekends Off
Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
I just got off the phone with Vanguard today and apparently our 1 Dec 2014 payroll deductions for 401K didn't get deposited from Fedex to Vanguard until 22 Dec 2014. THAT IS THREE WEEKS. Not acceptable, period. I really don't know how long this has been going on or if it is a one time glitch, but over a year we are talking about thousands of dollars of interest to the crew force as a whole that is going in someone else's pocket. Feel free to comment if someone has so information on this. Also, if anyone knows a good number at the company to call (besides payroll) to find out what is going on I would be interested to see that as well. Thanks.
#4
Gets Weekends Off
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Joined APC: Sep 2006
Position: I never did mind the little things.......
Posts: 261
Point taken. I will do some more homework before I post. I was really calling and asking when the end of year contributions from the 31st check will hit the accounts. Got caught chasing rabbits.....
#6
My deposit for year end shows on 2015 so I called Vanguard. They told me although it shows in 2015, it is really credited on 2014. However, I too have had payments take a long time to show up.
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