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March 22, 2025
Question

457(b) -- Did you elect to have your employer make contributions to your deferred compensation plan?

  • March 22, 2025
  • 1 reply
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I am confused by this question, after I entered my W-2. And the "learn more" answer doesn't help. My withdrawals are mandatory from my employer so I didn't "elect" to have them take money from my paycheck. But also the employer did not contribute money, other than the money withheld from my income. So do I answer yes or no if the money contributed was mandatory but comes from my income, not from my employer?

    1 reply

    March 26, 2025

    What the question is referring to is, if you requested that your employer contribute money from your paycheck to your deferred compensation plan.

     

    In your situation, you will select "Yes".

     

    @sykesmad