Retirement Plan not checked on W2s

[kcrable]

Anyone else notice that the retirement plan box on the W2s is not checked for some employees where it should be?  Thought others might need to check their W2s as well

[betty954bell]

It is a common error that usually occurs when payroll software isn't synced with 401(k) contributions. If you or your employer contributed to a plan during the year, Box 13 must be checked to ensure you follow IRS eligibility rules for traditional IRA tax deductions.

You should notify your HR or payroll department immediately to request a Form W-2c (Corrected Wage and Tax Statement).

[kcrable]

I am preparing the w2s. As a PA public school district withholding PSERS, almost all staff have retirement withheld.

[mscott3]

Hello!

check your w2 definition screen. We noticed when we started to get the setup that for some reason that field was removed. It then caused the "X" to be missing when we ran the w2 process. We redefined the item and it showed up perfectly fine.

[kcrable]

Do you mean the Set Up Employer records on the W2 processing screen?  It is appearing on some W2s but not all - which is confusing to me

thanks

[mscott3]

you need to work with your payroll / IT department for your powerschool product. Afterwards you should open a ticket. Because its dealing with year end process they should be extremely fast on answering you.