@ja2001 wrote:
Thank you
The 401k plan administrator when returning my excess contribution to me also deducted the portion of the company match (which was 50% of my contribution amount) from my 401k account.
Is that the right process? Do they return that money back to the company ?
I understand this is not for tax filing, but if they have taken away the company match by mistake, then I want to follow up and get that back to my 401k account.
They should only return (and report) *your* contributions that were in excess and any earning attributed to those contributions. The contributions that were reported in box 12 on your W-2 that were in excess. Company match is not reported on yiur W-2.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
