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FedEx Vanguard B-fund January contributions

Old 02-04-2007 | 07:09 AM
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Default FedEx Vanguard B-fund January contributions

Was checking my past year company B-fund plan contributions and noticed that there was no contribution this January (07). Actually they put in $49.51 and it should have been WAY more.

Curiousl if anybody else has noticed this mistake. Who would you call on this?
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Old 02-04-2007 | 08:40 AM
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Just checked mine and the JAN contributions were made on 1/05/07, and they were the correct amount.
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Old 02-04-2007 | 09:10 AM
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My "B Plan" contribution was normal. On January 05.

I'd check it again. Just to make sure you're looking at the right thing. And, then call Vanguard. At least you'll be assured of talking to a human.

Also, is it possible you reached your "B plan" 401 limit for 2006? That is 6% of $220,000, or $13,200?

Last edited by Busboy; 02-04-2007 at 10:54 AM.
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Old 02-04-2007 | 10:19 AM
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Default 401k match

what about the 401k match...$500.00
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Old 02-04-2007 | 10:38 AM
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The Comp. match contributions will begin in Feb.

It's "matching", from the previous month, in the same year. So, 2007's comp. match starts matching your Jan. contribution.

Last edited by Busboy; 02-04-2007 at 10:54 AM.
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Old 02-04-2007 | 10:40 AM
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Originally Posted by MAWK90
Was checking my past year company B-fund plan contributions and noticed that there was no contribution this January (07). Actually they put in $49.51 and it should have been WAY more.

Curiousl if anybody else has noticed this mistake. Who would you call on this?
yes..mine was 12 bucks..we maxed it ..that's all...
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Old 02-04-2007 | 11:06 AM
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Originally Posted by Busboy
My "B Plan" contribution was normal. On January 05.

I'd check it again. Just to make sure you're looking at the right thing. And, then call Vanguard. At least you'll be assured of talking to a human.

Also, is it possible you reached your "B plan" 401 limit for 2006? That is 6% of $220,000, or $13,200?
That is true, but isn't the JAN07 contribution the first contribution for 2007? Or is the last contribution for 06?
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Old 02-04-2007 | 07:30 PM
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Originally Posted by MAWK90
That is true, but isn't the JAN07 contribution the first contribution for 2007? Or is the last contribution for 06?
Well, it's 6% of your previous month's pay. So, the January 05, 2007 contribution would be for Dec, of the 2006 year.

If you go back and add up the Feb/2006 through the Jan. 05, 2007 contributions...I think you'll find they add up to $13,200. If not, somethings goofy. And, you need to call someone.
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Old 02-05-2007 | 05:09 AM
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Originally Posted by Busboy
My "B Plan" contribution was normal. On January 05.

I'd check it again. Just to make sure you're looking at the right thing. And, then call Vanguard. At least you'll be assured of talking to a human.

Also, is it possible you reached your "B plan" 401 limit for 2006? That is 6% of $220,000, or $13,200?

http://www.irs.gov/retirement/articl...108949,00.html

According to the IRS, the limit for a money purchase plan was $44,000 in 2006. Where does the $220,000 come in?
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Old 02-05-2007 | 05:11 AM
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Originally Posted by MAWK90
http://www.irs.gov/retirement/articl...108949,00.html

According to the IRS, the limit for a money purchase plan was $44,000 in 2006. Where does the $220,000 come in?

Thanks, think I found it here.

https://www.franklintempleton.com/re...tionLimits.jsp
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