The issue is that the employer is supposed to check the box that a retirement plan is available, regardless of your participation. This checked box does affect your deductible IRA contributions. You can either:
- roll it to a ROTH,
- pull it out or
- file form 8606 for the traditional IRA basis.
Your age means that you won't have any penalties on the income earned since the deposit if you take it out or roll it over.
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