Thanks again @DanaB27 for your help.
So my understanding is that one option is:
1) I do NOT need to inform 401k management company to return my excessive contribution at this time
2) I do NOT need to inform my employer anything or ask them to take action at this time
3) On 2022 1040 tax filing, file the excessive contribution amount according to the steps in your message (pay federal and state tax on this amount)
4) Wait till I retire in the future (59 or 65) to get distribution to get tax again.
Is it correct for simplicity?
Thanks
Dave
