Oops! Roth 401K contribution reported in CSS Profile for Tax Deferred RetirementPlans

cptofthehouse
Thu, 08 Oct 2020 16:44:05 +0000

The Roth contribution should not have been reported. That amount already included in your income that year You’ve now double counted the amount.

Roth account balances should be treated as other IRA and 401k Accounts.

It’s a pain to correct because you do have to directly contact each financial aid office that got that Profile.