How to enter a 401k contribution reversal
My employer included a bonus in a regular paycheck that was too large. A withdrawal transaction of the excess appeared in my checking account the same day, but a 401k contribution plus employer match corresponding to the incorrect amount had already been sent to Fidelity and appeared in the account a few days later. All of this activity is currently recorded in my Quicken accounts.
Later my employer initiated sell transactions in my Fidelity 401k to withdraw the excess amount that was incorrectly deposited. On Fidelity's website, these transactions are listed as Transaction Type "Contributions", i.e. the same as a standard contribution, but are negative.
My question is: is "Remove - Shares Removed" the correct way to list these transactions? I assume "Sell" is incorrect because I'm not receiving the cash?