FUTA Wages and Employer Contributions/Matches
Hello,
I believe employer contributions/matches to a qualified retirement plan (401k) need to be included in box 3 (total payments to all employees) of the Federal 940 and also in line 4 (payments exempt from FUTA tax). I don't see these amounts on my report (R078507).
I think my 401k match setup may not be correct.
Has anyone else seen this problem?
Thanks,
Ida