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June 3, 2019
Solved

Where do I claim money matched by my employer in my simple-401k ira?

  • June 3, 2019
  • 1 reply
  • 0 views
My contributions are visible on my w-2 but my employers are not? Or I may have that backwards?
Best answer by Marketstar

Yes, you are correct -only your contributions to your retirement plan are reported on your W-2. 

Employer matching is not reported on your W-2-or anywhere else on your return


1 reply

Employee
June 3, 2019

Yes, you are correct -only your contributions to your retirement plan are reported on your W-2. 

Employer matching is not reported on your W-2-or anywhere else on your return


Employee
June 3, 2019
The employer contribution to your SIMPLE plan account is a deduction for your employer, not a deduction for you.