Patriot Software Advisor

employers contribution to 403b

by Melissa
(SC)

I am preparing W-2s for the pastors in QuickBooks and it is NOT including the Employers 403B contribution in box 12 on the W-2. Is this correct? It is including the employees contribution but not the employers.

Comments for employers contribution to 403b

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Jan 19, 2020
Employer contributions to 403b plan are not reported on the employees w-2
by: Vickey

A 403b is a nonprofit's equivalent to a for-profit's 401k. Basically they are treated the same...tax and reporting wise.

You can read more on the difference here: https://www.investopedia.com/ask/answers/100314/what-difference-between-401k-plan-and-403b-plan.asp

You can do a search on "employer contributions to 401k plan are not reported on the employees w-2," and find several articles that state... only the employee's contributions are reported on their W-2...not the employer's matching contribution.

See this article:
https://money.stackexchange.com/questions/13444/are-401k-employer-match-amounts-subject-to-fica-or-any-other-tax

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