Where on 1120S to report 401(k) contribution?

[jmc]

An S corporation's gross payroll before 401(k) contribution was $661,596. In addition, $50,000 contribution was made for 401(k) plan.
So, I reported $661,596 on 1120S line 7 Compensation & 8 Salaries since the form instruction says "Do not include.... contributions to a section 401(k)..." Then, I reported $50,000 on line 17 Pension, Profit-Sharing, etc., Plans.
An AXA financial company agent left a message "... since I reported $50,000 on line 17, the corporation must pay additional contribution to a pension plan.

Then, what is the correct ways to report 401(k) contribution & regular wages on 1120S?

[BOB W]

Contributions comes in two flavors. Employee's and employer's which are you referring to. I would assume you are talking about employer's since employee's contributions are not reported on the 1120S.

Yes, it is a pension deduction. AXA may have some issues.

[Uncle Sam]

401(k) contribution

If this is an employer's match of $ 50,000, then tell the 800 pound gorilla to go back to his TV advertising and stay out of the tax preparation business.

[Maribeth]

Contributions comes in two flavors. Employee's and employer's which are you referring to. I would assume you are talking about employer's since employee's contributions are not reported on the 1120S.

Yes, it is a pension deduction. AXA may have some issues.

The employee's contribution is included in the gross wages shown on Page 1 of the 1120S, on either Line 7 or 8. I agree that the employer portion of the retirement contribution should be reflected on Line 17 on Page 1.

Maribeth