Hi,
Can anyone help?
I have a S Corp client had set up the 401k contribution of $23000 for the two owners for 2025, but had no W2 salary processed by Paychex.
There were 4 other seasonal parttime workers all had <1000 hours in 2025.
We have contacted the paychex and their 3rd party 401k Admin to issue a W2, to inclue the employee's contribution on W2, but they do not respond. They said will report to up manager.........
Anyone has experience of that?
thanks!
With no W-2 wages the shareholders cannot make elective deferrals and are not eligible for employer contributions.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.