Author Topic: 401K refund for HCE  (Read 1220 times)

Giro

  • Pencil Stache
  • ****
  • Posts: 629
401K refund for HCE
« 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? 

Gin1984

  • Magnum Stache
  • ******
  • Posts: 4880
Re: 401K refund for HCE
« Reply #1 on: March 21, 2017, 11:20:36 AM »
Taxable account.

Sent from my SPH-L710 using Tapatalk


Giro

  • Pencil Stache
  • ****
  • Posts: 629
Re: 401K refund for HCE
« Reply #2 on: March 21, 2017, 12:45:06 PM »
Damn.  I got screwed.