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2000 contributions


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Posted

Payroll pays bi-weekly, the payroll ending 12/31/98 paid on 1/7/2000. Is the compensation and contributions for 1999 or 2000?

Posted

I think the answer lies on what year the compensation (and contribution)is going to be reported on the W-2. If it's in 1999, it's a 1999 contribution, and if it's in 2000, than 2000.

Hope this helps!

Guest ptpnthr
Posted

How does the plan define compensation? Is it income earned, income paid, W-2, other?

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