Guest Frank Jackson Posted February 1, 2002 Posted February 1, 2002 Many of the vendors/fund houses I work with are encouraging us/our clients to ACH Contributions (Plan Level). Anybody have an opinion on this? Is it working well? Would you recommend it? Do clients like it?
Archimage Posted February 4, 2002 Posted February 4, 2002 Yes, I have used it and it is wonderful. It also helps to ensure you receive the correct amount of money for their contributions.
Alan Simpson Posted February 4, 2002 Posted February 4, 2002 ACH stands for Automated Clearing House. Basically this is where money is dedcuted from one account and deposited into another account either in the same financial institution or different institutions. What this does is allows money to be moved from one account to another account without having to do a wire transfer or prepare a check. For example, most paychecks are now ACH deposited into the employees checking/savings account and you only receive a paper notice (paycheck stub) indicating the amount that was deposited.
Ed907 Posted February 17, 2020 Posted February 17, 2020 Why did my friend get a 54dollar add on his lfg after 5mths not working with his employer
Bill Presson Posted February 21, 2020 Posted February 21, 2020 On 2/17/2020 at 5:36 PM, Ed907 said: Says ach contribuituons Don't have enough info, but possibly what we call a "true up" contribution after the end of the year. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
Mike Preston Posted February 21, 2020 Posted February 21, 2020 5 hours ago, Bill Presson said: Don't have enough info, but possibly what we call a "true up" contribution after the end of the year. Dang you are good at puzzles. Bet you slay at pictionary. Bill Presson and Bird 2
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