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Where does the stock money hide?
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<blockquote data-quote="my2cents" data-source="post: 55341"><p>Good question. I always assumed UPS held the deductions in some sort of escrow account until the share purchase was made. Additionally, I don't recall any language in the prospectus stating where the deductions go. </p><p> </p><p>I know with the 401(k), you can track your payroll deductions and see when those deductions are credited to your 401(k) account. Every once in a while, I'll grab a few paystubs and check the figures to see if they match the amounts posted in one's account. There is usually about a week's lag or so between the payroll deduction and the credit to one's 401(k) account. As far as I can tell, you can't do this with the stock deductions, although it is easy to add up the stock deductions for the quarter to see if it matches the purchase transaction.</p></blockquote><p></p>
[QUOTE="my2cents, post: 55341"] Good question. I always assumed UPS held the deductions in some sort of escrow account until the share purchase was made. Additionally, I don't recall any language in the prospectus stating where the deductions go. I know with the 401(k), you can track your payroll deductions and see when those deductions are credited to your 401(k) account. Every once in a while, I'll grab a few paystubs and check the figures to see if they match the amounts posted in one's account. There is usually about a week's lag or so between the payroll deduction and the credit to one's 401(k) account. As far as I can tell, you can't do this with the stock deductions, although it is easy to add up the stock deductions for the quarter to see if it matches the purchase transaction. [/QUOTE]
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