Said It Here

Employer messed up my 401k start date and lost match

Administrative errors during onboarding, such as incorrect birthdates or missed eligibility dates, can delay retirement plan contributions for years and risk lost employer matches. Fixing these historical mistakes often requires coordinating with payroll companies or sorting out complex multi-year excess contribution rules.

What people tried

Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.

  1. 1
    Contacting HR and payroll providers to request corrections
  2. 2
    Filing complaints with the Department of Labor or EBSA
  3. 3
    Using IRS voluntary correction programs (EPCRS VCP) to demand missed deferrals, matching, and earnings
  4. 4
    submitting broker removal of excess contribution forms for recent years
  5. 5
    consulting a CPA or Enrolled Agent before filing historical corrections
  6. 6
    taking a normal Roth distribution to eliminate historical excess
  7. 7
    filing prior-year forms attached to amended returns

In their words

Unedited, most upvoted first, each linked to the thread it came from.

So I started with this company 4 years ago. 401k was supposed to kick in after 4 months. I waited nothing. I asked my boss she told me it should start automatically when I am eligible. I waited. I waited nothing. I ask her again she tells me it should be automatic again. So I wait. Now its well past when it should have started like 2 years. I call the payroll company, when I was hired my employer listed my birthday as the day I was hired so because I wasnt 18 years old(im 47)I wasnt eligible for 401k. They didnt notice I was zero years old? What can I do? What should I do? Any help would be great!source ↗

Pwdyfan420 · r/personalfinance · 3,529 upvotes

I'm helping my parents clean up an IRA mistake and want to make sure we're handling this correctly.source ↗

My mom made these Roth IRA contributions... That leaves the older excess contributions... 14,000 total historical excesssource ↗

I'm mainly looking for people who have dealt with the same multi-year excess Roth/Form 5329 situation.source ↗

creditdude · r/personalfinance · 1 upvotes

Where this came up

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