§ 22906 Contribution Refund For Errors

• •If you paid money into a retirement plan for work time that was counted by mistake, you can get that money back.
• •This only happens if the mistake can't be fixed by moving the money to another part of the retirement plan.
• •The rule started in 2001.

Imagine your boss accidentally counted extra hours you didn't work and took money from your paycheck for those hours in your retirement plan.

If they can't fix the mistake by putting that money into another part of your retirement plan, you get the money back in your pocket.