After not having a job for almost an entire year, I finally got a job near the end of the year. I wanted to make sure I can hit the maximum 401K contribution. I'm aware that 401K's can sometimes take a while to set up and I'm not ending up in a situation where I don't hit the maximum because timing was a little bit off.
I elected to contribute the maximum (90%) of my paycheck in the plan. I was pretty sure weird things would happen. I was not disappointed.
My next paystub came with a negative number. After 90% of the gross pay went to my 401K, there wasn't enough left over to cover taxes, social security, medical and transportation. Despite having a negative paystub, there was also a positive amount (around $90 or so) that was deposited into my checking account.
A few days later, HR called me to let me know that "something weird" happened. They informed me that I should expect to see a double charge of medical insurance on my next paystub. She was not able to explain what exactly happened (not her job anyway, it's accounting's job). From what I can tell, company was not able to take out the medical insurance because that would require withdrawing funds from my checking account. Instead, they charged me twice on the next paystub. The negative amount was me owing the company for the extra medical premium.
Oh.... the weird things that bring me joy.
Submitted March 31, 2018 at 12:58PM by meteoraln https://ift.tt/2GD20f9
