 NEWSLETTERS Volume 7, Issue 1 .................... January 2007 Roth Contribution Reporting The IRS has revised the 2006 Form W-2 to include Roth 401(k) contributions. If the plan document allows Roth contributions and an employee is making Roth contributions, the total Roth contributions for the year are required to be reported using code AA in box 12 of the employee’s Form W-2. The regular pre-tax contributions are also included in box 12 using code D. Since the Roth contributions are after-tax deductions, remember to include them in boxes 1 (Wages), 3 (Social security wages) and 5 (Medicare wages) of the Form W-2 also. Contact Administrative Retirement Services, Inc. if you have questions about this information. © Administrative Retirement Services, Inc. 2006 Published by Administrative Retirement Services, Inc., Copyright 2006 by Administrative Retirement Services, Inc. Reproduction in whole or in part is prohibited except by written permission. All rights are reserved. Information has been obtained by Administrative Retirement Services, Inc. from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Administrative Retirement Services, Inc. or others, Administrative Retirement Services, Inc. does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or the result obtained from the use of such information. Readers should seek specific advice before acting with regard to the subjects mentioned here. |