BN - Correcting TSA Deduction Errors

GENERAL DESCRIPTION:

If an error is made and an employee is enrolled in a TSA plan incorrectly or had the incorrect amount taken from their payroll check, that employee must have his or her money refunded to them and "made whole."

PROCESS CONSIDERATIONS:


You may click on the links below to navigate directly to a section:

PROCEDURE STEPS:

1.  Since the IRS holds the employer accountable, the Plan Administrator should be contacted in the event a return of excess is required or if an employee needs a refund to be made whole for an incorrect contribution.

Plan Administrator Contact:

Rose Stephenson
TSA 403(b) Plan
University of Wisconsin System Human Resources
608-262-5564
Fax: 608-265-5307
rstephenson@uwsa.edu

Plan Administrator Contact:

Christina Schmitz
WDC 457(b) Plan
University of Wisconsin System Human Resources
608-890-2679
Fax: 608-890-2327
cschmitz@uwsa.edu

2.  The employee's records in HRS will need to updated to reflect any returns of excess.  For more information, please reference:  BN - Savings Management Service Adjustment .


ADDITIONAL RESOURCES:

Related KBs:
Related Links: