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Box 12(E) of my W-2 lists a figure of $27,997 which TurboTax is telling me exceeds the allotted elective deferral even though $1500 of that amount was required by my job?

Should the required contribution be included in Box 12(E) of my W-2?

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Box 12(E) of my W-2 lists a figure of $27,997 which TurboTax is telling me exceeds the allotted elective deferral even though $1500 of that amount was required by my job?

Yes, the maximum allowable contribution is inclusive of the required contribution.

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