My current employer is not making timely 401k contributions. Every 2 weeks my paycheck has funds taken out of my paycheck to be placed into my retirement account. The problem is the funds are only being deposited once per quarter, sometime longer than that to the account. I feel as if I am missing the opportunity to have my $$$ making more $$$. Also, when the market is low I can get more shares for my investment. I guess what really bothers me the most is that it is my money. If I chose not to participate in the plan the dollars would still be in my paycheck. My company is basically make interest on the plan $$$ until the make the deposit. This is happening to all the employees in the company who are participating in the plan.
What are the current regulations for timely deposits of these funds? Is there any recourse for lost $$$ or interest? Can the my company be fined for such activities?