goodbirdie
Member
What is the name of your state? CA
I received a nice bonus check recently due to the outstandingly good year my company had last year. That's the good news.
From my normal paychecks, I have a certain percentage deducted every pay period for my 401K account. Unfortunately, that same percentage was deducted from my bonus check so a rather large chunk of my bonus went pre-tax into my 401K account.
Should 401K deductions be taken from a bonus check? I didn't really think of it as *salary* and I had thought 401K would only be taken from my normal salary, not from other monetary compensations and bonuses from the company. Are there any laws regarding this subject?
Thanks for any insight you can offer.
I received a nice bonus check recently due to the outstandingly good year my company had last year. That's the good news.
From my normal paychecks, I have a certain percentage deducted every pay period for my 401K account. Unfortunately, that same percentage was deducted from my bonus check so a rather large chunk of my bonus went pre-tax into my 401K account.
Should 401K deductions be taken from a bonus check? I didn't really think of it as *salary* and I had thought 401K would only be taken from my normal salary, not from other monetary compensations and bonuses from the company. Are there any laws regarding this subject?
Thanks for any insight you can offer.