DW works for the county library system and participates in a 457b plan ran by the state. She gets paid biweekly (26 paychecks a year) and contributions to the plan are typically posted within 1 week after payday. Last April, the bookeeper quit. In July, I checked the account balance. No contributions had been made to the account since the bookeeper quit. We brought the situation to the library director's attention. About three weeks later a partial payment was made to the account that covered all the second quarter contributions except the last. In addition, he made a promise to fix the problem. You've already guessed it-it's been two months and no further contributions have been made despite the money being withheld from DW's paycheck. DW is afraid that if I complain that she will be fired. There are only approximately 12 people participating in the plan so it is likely that the director will figure out who complained. Any advice on what to do?
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
It's unlikely he's putting it in his pocket so I'm sure he would appreciate another friendly mention that the money is not arriving in the account, preferably from his staff (your wife). He probably thinks this was resolved.
I highjacked a rainbow and crashed into a pot of gold - Bon Jovi
Who is the administrator of the plan? Like Fidelity, or Vanguard or whoever. Is it their problem? No idea, just guessing. Maybe they could automate something.
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.