I was browsing a 401(k) account, which has a year-end true-up employer match and is managed by Vanguard. The employee who owns the 401(k) account joined the firm in 2017, and frontloaded their 401(k) contributions with their salary: we calculated (based on the employee's compensation eligible for 401(k) contribution matching and the employer's matching policy) that the true-up employer match should be strictly positive for the year 2017.
However, looking at https://retirementplans.vanguard.com/VGApp/pe/faces/Contributions.xhtml?gh_sec=y, there is no true-up employer match for 2017, but there is some true-up employer match for 2018 (even though today's date is 2018-06-17, and as mentioned above the true-up employer match is year-end).
Is a year-end true-up employer match supposed to be received the next year?
- The last paycheck in 2017 was received on 2017-12-21.