metsfan026 Posted November 18, 2024 Posted November 18, 2024 We have a client setting up a Mega Backdoor Roth contribution in his 401(k) Plan. The question is, does that contribution need to show up on his W2? I didn't think so, but I wanted to confirm. Thank you in advance!
Bri Posted November 18, 2024 Posted November 18, 2024 Aside from showing enough in wages to justify the 415(c) level, the amount contributed as after-tax prior to Rothification wouldn't typically also be listed. Bill Presson 1
CuseFan Posted November 18, 2024 Posted November 18, 2024 VATs may but need not be reported on W2. Just answered this for a client this morning. Google is a wonderful thing. Generally, according to the instructions to IRS Form W-2, Wage and Tax Statement, an employer may, but is not required to, report non-Roth, after-tax contributions on Form W-2 in Box 14. Bri 1 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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