Hiout1968
New Member

How to report 401k excess deferral refund when the provider levies a fee?

Due to switching jobs, I contributed in excess to my 401k by around $550.

I requested a refund from my 401k provider, which has a $50 fee. They removed $550 from my 401k account and mailed me a check for $500.

Am I now in compliance? How do I report this? Is my income ("Other income") $500, or $550?