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URL:  http://boards.fool.com/contributions-over-limit-16261836.aspx

Subject:  Contributions over Limit Date:  12/11/2001  2:09 PM
Author:  drking Number:  32797 of 76418

My employer's payroll department has messed up and has routed more than $8,500 into my deferred compensation account for this year. Before the mistake is rectified I suspect there will be close to $12,000 in contributions for this year.

Has this happened to others? How soon do I have to take care of this before IRS gets involved? What are penalties? Thanks for comments.


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