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EXCESS CONTRIBUTION TO 401K FOR 2023
Hi, I found out that we over contributed to 401k $1400 for this current year 2023. I have stopped the contribution for the rest of the paychecks for 2023. But how do I fix the excess issue ? The HR and the plan rep asked me to complete the Corrective Distribution form? The HR person is inexperienced and does not look like he knows what to do in this case. It is very hard to get a hold of the plan rep. I need your expertise so I have an idea what i should do or what will happen . Thank you
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‎October 30, 2023
8:07 PM