Box 13 on Form W-2

[Guest Tad77]

Does anyone know if Box 13 on Form W-2 should be checked by an employer that contributes to a multiemployer plan on behalf of the employee. This is the box that informs the IRS that the participant is limited on the IRA contributions that can be made.

[JanetM]

Yes you do. 401(a) covers multiemployer plans.

Qualified plans

There is a checkbox in Box 13 of Form W-2 that must be utilized for reporting deferred compensation (.15 ). It is captioned "Retirement plan" Check this box if an employee is an active participant (defined below) in any of the following:

(1) a qualified plan maintained by the employer or a collectively bargained plan under Code Sec. 401(a) including Code Sec. 401(k),

(2) Code Sec. 403(a),

(3) Code Sec.403(b),

(4) Code Sec. 408(k) (SEP),

(5) Code Sec. 408(p) (SIMPLE),

(6) Code Sec. 501©(18), or

(7) a government plan other than a Code Sec. 457 plan.