ESOP contributions on W2

[Guest aferris]

:confused:

We currently have a client that wants to set up ESOP deductions through our payroll. We've been having trouble trying to get answers to our questions:

Does the employer also make contributions to the ESOP plan? If so, where does this show on the W2? What line?

If not, where do the EE contributions go on the W2?

The client tells us that the W2 for 2001 included both 401K contributions as well as ESOP contributions on line 12(a) of the W2.

I'd like an expert to confirm this question.

Thanks for your responses.

[BeckyMiller]

I suggest that this is not an ESOP, but an ESPP - Employee Stock Purchase Plan under IRC Section 423. If it is you should check with the National Association of Stock Plan Professionals - NASPP.com