Employee has excess deferrals b/t current emp. and former emp. (unrelated) for 2017, past April 15 deadline, does either employer have to issue corrective W-2?

[Pxhesq]

Employee has excess deferrals b/t current emp. and former emp. (unrelated), past April 15 deadline, does either employer have to issue corrective W-2? 

[Tom Poje]

If neither plan accepted deferrals above the limit then neither plan is in danger of disqualification.

unless there is another reason for a distributable event then there is nothing either plan does.

the individual, when filing taxes, will have W-2s that indicate excess deferrals and he pays the taxes. then someday, when he takes a distribution he will pay taxes again. it is simply the penalty for having excess deferrals not corrected by the deadline. when one is in 2 plans of unrelated employers the burden is on the participant to inform one plan or the other before the deadline.

If it is Roth deferrals then see discussion a few days ago.