My 4000 plus employee company has an HR department that is useless. Less than one year ago we merged with another company. We switched our 401K from Principal to Vanguard . When that happened I asked the HR department about the 55 rule. Their reaction? They came back and said we can't do it and that was it. Since I probably won't need it anyway I dropped the issue.
Issue #2 began when I lowered my 401K contribution to the lowest % to still get the company match. I did this to maximize cash to refurb a house that I am selling (closing in 6 days). Last week I went into the Vanguard site to increase my contribution % to ensure I meet the 18.5K authorized by the IRS (already maxed catch up). For some reason we can only contribute up to 15%. If I contribute 15% going forward for the rest of the year I will finish up about $1900 short. I called Vanguard. They said the problem is with my company and the way they set it up. I sent an email to HR. No response. I went into see the local HR person. She said she would look into it. That was 4 days ago. I just found out that her last day with the company is tomorrow. Lovely.
Issue #2 began when I lowered my 401K contribution to the lowest % to still get the company match. I did this to maximize cash to refurb a house that I am selling (closing in 6 days). Last week I went into the Vanguard site to increase my contribution % to ensure I meet the 18.5K authorized by the IRS (already maxed catch up). For some reason we can only contribute up to 15%. If I contribute 15% going forward for the rest of the year I will finish up about $1900 short. I called Vanguard. They said the problem is with my company and the way they set it up. I sent an email to HR. No response. I went into see the local HR person. She said she would look into it. That was 4 days ago. I just found out that her last day with the company is tomorrow. Lovely.
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