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401k payment method

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By scooby
Did LLNL do something weird with the 401K payment methods?

I heard a letter was sent out.

Comments

Andrew Heckinger said…
This comment has been removed by the author.
7/10/2013 9:30 PM
Andrew Heckinger said…
Yes, I received a letter from the CFO June 24, 2013 about ineligible employee deductions "due to the incorrect classification of pay codes". Upon further investigation I was told by Linda Thorn from the Financial Services Help Desk that contributions made to the 401k that came from overtime were mistakenly allowed to be put in. As a former employee having had chosen the TCP2 option, the ramifications could be huge, possibly having to redo taxes from 2007-2012. July 15th is when I will find out the damage. It sounds like I will get a heavily taxed check of some sort and a much lower 401k balance. I"ll give an update when all is said and done.
7/10/2013 9:34 PM
Anonymous said…
I doubt you'd have to redo taxes. Any "refund" they give you in 2013 should count as income in 2013. You report in the year you receive it.
7/15/2013 11:14 AM
Anonymous said…
Is this another mess made by Rosenketor?
7/23/2013 8:06 AM
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