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Old 01-01-2005, 08:10 PM
No Spam
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Posts: n/a
Default Re: How to enter company fund matching in 401k

Create a separate account called 401k-Match or something like that. Enter
the match there as buy transactions. Keep a mental note to yourself that
only 25% of that account is yours.

"Shopview" <Shopview[at]discussions.microsoft.com> wrote in message
news:BBF52DC8-40B7-43D2-9F16-DA4A296C2348[at]microsoft.com...
- quote -

> Can anyone explain how to accomplish the following:
> My company matches up to 6% of each 401k contribution I make each

paycheck.
> The amount is vest 25% each year for the first 4 years of service.
> I am able to enter in all my paycheck deductions into my 401k account in
> money and it trackes properly. However, now that my 1st year is vested

who
> do I enter the company matched part is it was purchased with each of my
> paychecks as a matching 6% amount. So My total company matched portion is

25
> % vested. (I never entered any of the company match part so far)
> Any ideas?
> Thank you and Happy New Year



 
Old 01-01-2005, 08:08 PM
Dick Watson
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Posts: n/a
Default Re: How to enter company fund matching in 401k

Maybe.

Most people just capture the company contribution as it goes along and don't
worry about the vesting problem or just do something brute force like put in
a cash expense in the cash account to account for the non-vested portion as
a reduction in net worth. See http://umpmfaq.info/faqdb.php?q=14 for
information on one way to capture the employer match money. Money doesn't
make offer any simple way to compute the match value--besides the numeric
entry calculator--you'll have to do that with pen and pencil or Calculator
or Excel.

Unless you want to go backwards and enter lots of historical transactions,
another thing you could do is just enter Add Shares transaction(s) for the
(vested or total) employer contribution. This will probably have negative
implications for performance reporting, however.

"Shopview" <Shopview[at]discussions.microsoft.com> wrote in message
news:BBF52DC8-40B7-43D2-9F16-DA4A296C2348[at]microsoft.com...
- quote -

> Can anyone explain how to accomplish the following:
> My company matches up to 6% of each 401k contribution I make each
> paycheck.
> The amount is vest 25% each year for the first 4 years of service.
> I am able to enter in all my paycheck deductions into my 401k account in
> money and it trackes properly. However, now that my 1st year is vested
> who
> do I enter the company matched part is it was purchased with each of my
> paychecks as a matching 6% amount. So My total company matched portion is
> 25
> % vested. (I never entered any of the company match part so far)
> Any ideas?



  #-1  
Old 01-01-2005, 07:37 PM
Shopview
Guest
 
Posts: n/a
Default How to enter company fund matching in 401k

Can anyone explain how to accomplish the following:

My company matches up to 6% of each 401k contribution I make each paycheck.
The amount is vest 25% each year for the first 4 years of service.

I am able to enter in all my paycheck deductions into my 401k account in
money and it trackes properly. However, now that my 1st year is vested who
do I enter the company matched part is it was purchased with each of my
paychecks as a matching 6% amount. So My total company matched portion is 25
% vested. (I never entered any of the company match part so far)

Any ideas?

Thank you and Happy New Year
 

Tags
401k, company, enter, fund, matching
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