457 time period limitations

[Guest tony1]

A timely election was made to have 2007 income placed in an established 457b (non-profit) plan. Due to clerical error, benefits office admits it neglected to do so and instead included the amount in December pay. This was not discovered until 1/01/08 (no hard copy of direct deposit advice, only on organization's web site. Employer states that it is not permitted to reverse any entries given that 2007 has passed. Upon what regulation are they relying? Is there a ruling that provides a minimum time period (past year end)? Obvious end result of receiving about half, after taxes, of what should have gone into a 50 year old's retirement account.

[Guest mjb]

A timely election was made to have 2007 income placed in an established 457b (non-profit) plan. Due to clerical error, benefits office admits it neglected to do so and instead included the amount in December pay. This was not discovered until 1/01/08 (no hard copy of direct deposit advice, only on organization's web site. Employer states that it is not permitted to reverse any entries given that 2007 has passed. Upon what regulation are they relying? Is there a ruling that provides a minimum time period (past year end)? Obvious end result of receiving about half, after taxes, of what should have gone into a 50 year old's retirement account.

Tony:

Your message is impossible to decipher. Can you please format the question in simple english. Use better word selection than "this".

What was "neglected to do so" and what was instead included in the December pay".