Hi,
This is not a tax filing question, but question about the money in the 401k account.
What happens to the company match in the 401k account ? Let's say there was an excess of $10K and the company matched 50% ($5K). I get the extra allocation of $10K back and do the suggested steps in this thread in Turbotax. All good from a tax perspective.
What happens to the company match of $5K ?
- Will it remain in the 401K account for me to keep ?
- Will the 401k administrator return it to the company ?
- Will it be just taken by the 401k Admin ?
#1 would be awesome, #2 sounds okay/fair
