kaartman1

kaartman1 t1_iy6znxf wrote

I am sure there will be a way to amend it. Call them and explain. I am sure mistakes like this happen all the time. Worse case …run remaining pay checks for huge amount and contribute all of it towards your portion of 401k.

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kaartman1 t1_iy6xljm wrote

I have S corp taxed as LLC. Your employer portion of 401k contribution can not exceed 25% of paycheck and you can contribute your portion of 401k only when it is line item in your pay check.

Employer portion can be deposited in lump sum before year.

You portion can also be deposited in lump sum but it has to recorded in your paycheck.

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