Nonqualified plans on the w-2

[user536119]

On my w-2, box 11, there is a money written in the box. where did this come from? I did receive money from deferred cash and stock awards. Could this be it? and if it is what do I do about it?

[macuser_22 · Accepted solution]

There could be several reasons.  Ask your employer why they put an amount in box 11.

From W-2 instructions:

"Box 11—Nonqualified plans.    The purpose of box 11 is for the SSA to determine if any part of the amount reported in box 1 or boxes 3 and/or 5 was earned in a prior year. The SSA uses this information to verify that they have properly applied the social security earnings test and paid the correct amount of benefits.

  Report distributions to an employee from a nonqualified plan or nongovernmental section 457(b) plan in box 11. Also report these distributions in box 1. Make only one entry in this box. Distributions from governmental section 457(b) plans must be reported on Form 1099-R, not in box 1 of Form W-2."