Trying to make a catch-up Simple IRA…
Trying to make a catch-up Simple IRA contribution for 2024. Requested on April 1st. They submitted the ACH request incorrectly to the bank, so the transaction was denied. I called them on the 4th and determined that they had identified the account as checking, rather than savings, causing the denial. They said they would correct the issue and resubmit. On the 11th, nothing was showing, so I called, and they placed the blame on the bank. I called the bank and determined that Capital Group never made a change, still identifying the account as checking, resulting in another denial by the bank as the information provided from Capital Group is incorrect. I have been on the phone for an hour trying to fix it and still have no answers. The deadline for the catch-up is the 15th. Today is the 14th and still not done!
They just say that my frustration is understandable, but that mistakes happen. Not with my retirement plan!!!This is not good. Terrible customer service and ability to handle a simple task. For the fees that they charge, you are FAR BETTER OFF AT SCHWAB, or FIDELITY.
14 de abril de 2025
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