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Brown Cafe UPS Forum
UPS Retirement Topics
401K non-discrimination testing
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<blockquote data-quote="twowheeled" data-source="post: 83427" data-attributes="member: 4997"><p><span style="font-size: 12px">I just received a check from my 401K plan because of this "non-discrimination testing". We were sent a letter concerning this about a month back. I didn't think it would affect us, since it hasn't in the past. BUT IT DID!!! sent me a check for 5K that I have to pay tax on now. I know I'm not the only one recieving a check. I'm guessing that in order to pay more into my 401K, I have to make less? Just doesn't sound right? </span></p><p><span style="font-size: 12px">Anyone know about this? Accepting any advice, or contributions to pay the tax.</span></p><p> </p><p><img src="/community/styles/default/xenforo/smilies/group1/ohmy.gif" class="smilie" loading="lazy" alt=":ohmy:" title="Ohmy :ohmy:" data-shortname=":ohmy:" /> <img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /></p></blockquote><p></p>
[QUOTE="twowheeled, post: 83427, member: 4997"] [SIZE=3]I just received a check from my 401K plan because of this "non-discrimination testing". We were sent a letter concerning this about a month back. I didn't think it would affect us, since it hasn't in the past. BUT IT DID!!! sent me a check for 5K that I have to pay tax on now. I know I'm not the only one recieving a check. I'm guessing that in order to pay more into my 401K, I have to make less? Just doesn't sound right? [/SIZE] [SIZE=3]Anyone know about this? Accepting any advice, or contributions to pay the tax.[/SIZE] [SIZE=3][/SIZE] :ohmy: :w00t: [/QUOTE]
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