Hesoukieh
New Member

Excess contribution to 403b plan

I found out that my previous employer didn’t limit the contribution to my 403b plan which resulted in excess contribution of $4000 in 2025, I was putting all my income for the first 2 months in 2025 in 403b plan but unfortunately the employer didn’t limit the contributions so it resulted in the $4000 excess contribution 

i left that employer in February 28 , 2025 and I am currently self employed 

I moved all the balance in my 403b account to my own SEP account with fidelity in April 2025

I haven’t filed taxed for 2025 yet

how to correct this excess and how to report it in TurboTax