justasking Posted November 7, 2014 Posted November 7, 2014 The payroll system we use is a monster Payroll accidently sent a 401(k) negative contribution for someone that has never even been a participant in the plan. In our group we consider that an invalid record and it is deleted from the 401(k) records. However, I am considered about a negative showing up on their W2. If they were to send a positive amount to correct it for that person, then that person would have funds sent over to the 401(k) plan. Anhyone ever seen this before?
Lou S. Posted November 7, 2014 Posted November 7, 2014 Sounds like a question for the payroll IT department on how they will be generating W-2s.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now