Thanks dmertz so much for your expertise.
I had to look up what EPCRS. additionally, I looked back at the 1099-R, and there is no code listed. Yeah, I see in one aspect that if I was classified appropriately, then this would be considered an excess contribution. That does make sense. But yes, like I stated in my case, I am not an HCE.
I search an IRS publications, and I came across one which they had stated that the employer makes this election and it stays there until they revoke it. In my case, that HCE election was never revoked.
HR finally responded to me yesterday and stated that she had escalated the issue to the accounting department, and they reached out to the employee tax department. Let’s see what is the resolution.
Ideally, I’d like to put these funds back into my 401(k) since it was removed in error. What can I say or how can I persuade them that that is the correct restorative action?
at the time they made the distribution, I believe my 401(k) was invested merely in an interest income fund. Because they removed it, I lost that opportunity for that interest. How can I argue that they need to pay me that interest retroactively?
