BenefitsLink Message Boards > Loan repayments on pretax bais

Full Version: Loan repayments on pretax bais

BenefitsLink Message Boards > Retirement Plans > 401(k) Plans

austin3515

Oct 21 2002, 01:54 PM

I have a client who inadvertently recorded loan repayments as just regular 401k deferrals. The only real conseqence I can come up with is that the W-2 needs to be amended.

Is there anything else?

Kirk Maldonado

Oct 21 2002, 03:13 PM

A slap alongside the client's head?

austin3515

Oct 21 2002, 03:14 PM

I tried that once...

Got fired. I don't recommend it

yukon

Oct 23 2002, 04:02 PM

So much anger. DAMN that rap music!!!

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