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403(b) excess contribution

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    #1

    403(b) excess contribution

    Any help on how to advise client would be appreciated.

    No problem correcting execess IRA contrivution,,,not sure how to advise for 403(b)
    Confucius say:
    He who sits on tack is better off.
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    #2
    Administrator

    It appears you have to identify if it was excess for the annual addition or for the elective deferral.

    From IRS website http://www.irs.gov/publications/p571/ch07.html#d0e2892

    Fidelity has a calculator
    Fidelity At Work
    https://www.mysavingsatwork.com/atwork/1081430099016/990738457349/1070604048517.htm
    Conveniently access your workplace benefits such as 401(k)s and other savings plans, stock options, health savings accounts, and health insurance.


    Maybe these links will assist you.

    Sandy

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