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Excess 401k contribution - past deadline - how to correct?
I changed jobs in 2020 and ended up over contributing to 401k (total from the 2 employers). I contacted my current employer and the plan administrator (Wells Fargo) and both stated that it is past the deadline of April 15th to get an "excess deferrals" from my plan. I live in Texas and with combination of Covid and winter storm, actual deadline to file is June 17th.
Filing now and finding out about this excess but how do I correct for this excess contribution? Most sites and forms talk about correcting prior to April 15th...not after.
Thanks in advance.
May 13, 2021
2:47 PM