FAQ Release Date: August 9, 2002 PROBLEM: How do I refund a 401k deduction that should not have been taken? SOLUTION: This process will work for the refund of any employee deduction: 1. Make certain you have inactivated the Employee Fixed Record for this deduction before you begin the pay period. 2. Process the refund through the time posting program as a transaction using the ebd for the deduction and a negative amount.