Question

Does my employer Matching of 401k plan shows in Box 12 D on my W2?

Forum|Forum|7 years ago
June 6, 2019
3 replies
0 views

So My employer Match my Contribution to my 401k plan. I paid $5,000.00 and my employer Paid $2,500.00. So On box 12 in W2 with letter D. Should it Show only My contribution $ 5,000.00 or it gonna be the total $ 7,500.00.

D

dmertz

Employee

No, the employer matching contribution should not appear in box 12 of your W-2. In your example, it should show with code D only the $5,000 of elective deferral you made from your pay. The amount reported with code D is also excluded by your employer from the amount your employer reports in box 1 of your W-2.

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marquez7780Author

Thank you! so it's different than HSA? because my employer only contribute to my HSA and it shows on box 12 W. I did not contribute any dollar to my HSA account and still appear in box 12 W. I know HSA will not be included in BOX 1 and 5.

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sshusain

Sorry I wasted my time. If it takes so long as to be able to file a tax return, I hate my time wasted.

macuser_22

Employee

@sshusain wrote:

Sorry I wasted my time. If it takes so long as to be able to file a tax return, I hate my time wasted.

Your post makes no sense and has nothing to do with the topic of this thread - do you have a real question? If so then please start a new thread of your own and ask a complete question.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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Mw47

Question! I just got my w2 and I never set up my 401k plan at my job, but it’s showing a couple thousand dollars in box D? Do you have any idea about that?

AmyC

Employee

Some places automatically enroll you in the plan, a common number is 6%. Congress is discussing requiring all businesses with some small number of employees and up be required to do that with a 6% start. It is up to the employee to opt out or change the percentage rather than the old fashioned opt in method.

Check to see if you were automatically enrolled.

@Mw47

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Mw47

That’s very interesting. I’ve intended to set up my 491k but have no idea where to start or what I am supposed to do. I do feel like I have heard something about 6% before… thank you!