I was in the middle of switching vendors at the end of the year when I had to send in paperwork to the company that takes care of the logistics regarding contributions.
The paycheck stub I looked at today showed 3 lines of deductions (normally I only have 2 lines for retirement deductions- One 401k and one 457b)!
One line looked as though they began contributing to the new company a month early because it had the new amount for the new IRS contribution limit.
To summarize:
-normal 401k contribution went to the old company A
-normal 457b contribution went to correct company
-new 401k contribution went to new company B
*company B does not tally contributions made to company A, so they will not reject said money.
Question: how can I find out if I over contributed?
Will my job’s W2 tax form show the total amount for both the 401k and 457b? Or just the 401k?
Also, how can I take the money back if I over contributed?
Submitted January 06, 2018 at 12:05AM by fat-stanley http://ift.tt/2CIhTyF
