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re: Dammit - I got an unexpected $3000 check in the mail
Posted on 4/5/14 at 8:23 pm to foshizzle
Posted on 4/5/14 at 8:23 pm to foshizzle
quote:
This is what happened. I put in 17.5 and was told that since my plan didn't have enough non-HCE contributions, I have to take some of it back as taxable income. Because it isn't fair.
I'm pretty sure I'm not a HCE but this sounds like some bullshite. I didn't know that a plan could do this. I'd be a little peeved too.
How on earth does someone else's contributions to the plan hurt me? If anything, it makes it bigger which is good for me down the road isn't it?
This post was edited on 4/5/14 at 8:32 pm
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