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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Giro on March 21, 2017, 11:09:08 AM

Title: 401K refund for HCE
Post by: Giro on March 21, 2017, 11:09:08 AM

So, apparently the employees of my company did not contribute enough to their 401Ks so I got a "Highly Compensated Employee" distribution.  From what the third party holder of my 401k says, this will be 1099 income for 2017 but it is NOT an early distribution or anything like that.  I am no longer an employee of this company. 

Does anyone know my options for this money?  Can I roll it into an IRA? Or am I just screwed? 

Title: Re: 401K refund for HCE
Post by: Gin1984 on March 21, 2017, 11:20:36 AM

Taxable account.

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Title: Re: 401K refund for HCE
Post by: Giro on March 21, 2017, 12:45:06 PM

Damn.  I got screwed.