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Error contribution to 401k profitsharing plan - none Standardized adoption Agreement

skyworks
Level 7

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!

 

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1 Comment 1
sjrcpa
Level 15

With no W-2 wages the shareholders cannot make elective deferrals and are not eligible for employer contributions.


The more I know the more I don’t know.
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