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W-2 reporting requirement

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#1 Pension Panda

Pension Panda

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Posted 17 July 2008 - 03:12 PM

This is the first year this charitable foundation will be required to make payments to an executive through their 457(f) plan. The plan appears to be written in a manner to comply with 409A. For 2008 W-2 reporting, in addition to Box 1, Box 3, Box 5, and Box 11, does the amount he becomes vested during 2008 get reported in Box 12 as Code Y? Code Z? At all?
I'm really unsure about when Box 12 is required. I thinking it is only when 409A failures occur and not when normal vesting occurs after 5 years of substantial risk of forfeiture.