Pension Plan Contribution Pay Codes
In most cases, these pay codes identify pre-tax deductions used to calculate federal and state individual income taxes.
Code Name |
Description |
Additional Information |
W-2 box |
---|---|---|---|
401(k) Contribution |
Employee's contribution to qualified 401(k) Plan |
A retirement plan funded through pre-tax payroll deductions for eligible employees. 401(k) plans are not taxed on any capital gains, dividends, or interest until they are withdrawn. |
box 12 Code D |
401(k) Additional After-Tax Contribution |
Employee’s after-tax contribution to qualified 401(k) Plan |
After-tax 401(k) contributions are subject to taxation again when they are withdrawn. |
box 14 |
401(k) Catch-up |
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box 12, Code D |
401(k) Loan Repayment |
Employee deduction for 401(k) loan repayment |
After-tax payments deducted from employee's paycheck to repay funds obtained from a 401(k) in the form of a loan. |
N/A |
401(k) Roth Contribution |
All Roth contributions are after-tax and distributions from the plan are not taxable. |
Designated Roth contribution to 401(k) Plan In Lieu of Elective Deferral You will find more details available at http://www.irs.gov/Retirement-Plans/Roth-IRAs. |
box 12 Code AA |
401(k) Roth - Catch-up |
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box 12 Code AA |
401(a) Contribution |
Employee contribution to 401(a) Plan |
Pre-tax contribution to employer-sponsored pension plan under 401(a) |
box 14 optional. Box 13, Retirement Plan Indicator Required |
403(b) Roth Contribution |
Employee's contribution to qualified 403(b) plan. All Roth contributions are after-tax and distributions from the plan are not taxable. |
Designated Roth Contribution to 403(b) In Lieu of Elective Deferral You will find more details available at https://www.irs.gov/retirement-plans/irc-403b-tax-sheltered-annuity-plans. |
box 12 Code BB |
403(b) Roth - Catch-up - With 15 Years Of Service |
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Designated Roth Contributions to 403(b)) Plan In Lieu of Elective Deferral. Use either With 15 Years Of Service or After The Age Limit. |
box 12 Code BB |
403(b) Roth - Catch-up - After The Age Limit |
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Designated Roth Contributions to 403(b)) Plan In Lieu of Elective Deferral. Use either With 15 Years Of Service or After The Age Limit. |
box 12 Code BB |
403(b) Contribution |
Employee's contribution to qualified 403(b) plan |
A retirement plan for university, civil government and not-for-profit employees funded through pre-tax payroll deductions. 403(b) plans have the same characteristics and benefits of 401(k) plans. |
box 12 Code E |
403(b) - Catch-up - With 15 Years Of Service |
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Designated contributions to 403(b) plan. Use either With 15 Years Of Service or After The Age Limit. |
box 12 Code E |
403(b) - Catch-up - After The Age Limit |
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Designated contributions to 403(b) plan. Use either With 15 Years Of Service or After The Age Limit. |
box 12 Code E |
Govt. Employee Deferred - 457(b) |
Government employee deduction for deferred compensation plan |
Non-qualified, pre-tax, deferred compensation plans established by state and local government and tax-exempt employers. |
box 12 Code G |
Govt. EE 457(b) - Catch-up - Standard |
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box 12 Code G |
Govt. EE 457(b) - Catch-up, Additional - 3 Years To Retirement |
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box 12 Code G |
MQGE Pension Plan Contribution (Employee) |
Medicare Qualified Government Employment (MQGE) |
MQGE is a special class of government employees. There are special pension plans for this class. You will find more details are available at http://www.irs.gov/pub/irs-pdf/p963.pdf. |
box 14 optional. Box 13, Retirement Plan Indicator Required |
SEP Contribution - 408(k)(6) |
Simplified employee pensions |
Pre-tax deduction for a Simplified Employee Pension (SEP). This is a retirement plan for employers who do not wish to sponsor or administer a qualified pension or profit-sharing plan. |
box 12 Code F |
SEP 408(k)(6) - Catch-up |
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box 12 Code F |
SIMPLE - 408(p) Contribution |
Saving Incentive Match Plans for employees of small employers |
Pre-tax deduction for a Savings Incentive Match Plan, a retirement plan for employers with no more that 100 employees. |
box 12 Code S |
SIMPLE - 408(p) - Catch-up |
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Pre-tax deduction for a Savings Incentive Match Plan, a retirement plan for employers with no more that 100 employees. |
box 12 Code S |