401k / Vesting / Company Matching

Hello. I am looking for a way to track my employers vesting dollars in
my 401k account. They match the usual 6%, and this company matching is
vested over 3 years. My company buys their own stock with these
matching dollars, and as my time in the company increases, I gain
access to those dollars.

I am 1+ year at the company, which means that I am now 34% vested in
my employers matching account. How can you set up an investment in
Money 2004 to show this? This is legit money that is included in my
overall 401k balance, but I cannot figure out how to handle this in
Money.

Any ideas? Thanks.
- Todd
twdawg@bellsouth.net

Dick
Mon Jun 21 12:24:39 CDT 2004

Accounting for the match money and associated investments is easy. See
http://umpmfaq.info./faqdb.php?q=14.

Tracking the vesting schedule is a harder thing. There is no straightforward
way to do track this in Money. (One of these days I'll think of something
that's approximate the effect.) Most people just ignore this effect until
they have to exercise it.

<twdawg@bellsouth.net> wrote in message
news:2i0ed0p2lactfkdb1okt0f2u4goagufkl8@4ax.com...
> Hello. I am looking for a way to track my employers vesting dollars in
> my 401k account. They match the usual 6%, and this company matching is
> vested over 3 years. My company buys their own stock with these
> matching dollars, and as my time in the company increases, I gain
> access to those dollars.
>
> I am 1+ year at the company, which means that I am now 34% vested in
> my employers matching account. How can you set up an investment in
> Money 2004 to show this? This is legit money that is included in my
> overall 401k balance, but I cannot figure out how to handle this in
> Money.

Czech
Wed Aug 04 06:04:32 CDT 2004

Since most company's force a vesting period onto their
contributions lack of support on MS's part is
unacceptable. While using the "ignore it approach" forced
on us under the current version what good are any of the
asset reports?
>-----Original Message-----
>Accounting for the match money and associated
investments is easy. See
>http://umpmfaq.info./faqdb.php?q=14.
>
>Tracking the vesting schedule is a harder thing. There
is no straightforward
>way to do track this in Money. (One of these days I'll
think of something
>that's approximate the effect.) Most people just ignore
this effect until
>they have to exercise it.
>
><twdawg@bellsouth.net> wrote in message
>news:2i0ed0p2lactfkdb1okt0f2u4goagufkl8@4ax.com...
>> Hello. I am looking for a way to track my employers
vesting dollars in
>> my 401k account. They match the usual 6%, and this
company matching is
>> vested over 3 years. My company buys their own stock
with these
>> matching dollars, and as my time in the company
increases, I gain
>> access to those dollars.
>>
>> I am 1+ year at the company, which means that I am now
34% vested in
>> my employers matching account. How can you set up an
investment in
>> Money 2004 to show this? This is legit money that is
included in my
>> overall 401k balance, but I cannot figure out how to
handle this in
>> Money.
>
>
>.
>

Dick
Wed Aug 04 07:22:53 CDT 2004

Unacceptable or not, it's what's there. As to the validity of the asset
reports, you can either mentally compensate or just not track the unvested
match money at all. Maybe you need two 401K accounts, the vested one and the
unvested one and transfer from one to the other as it vests? As noted, there
is not a good solution to this and every one involves compromise on the
user's part.

"Czech" <charles@kraupner.com> wrote in message
news:007201c47a12$d2152e60$7d02280a@phx.gbl...
> Since most company's force a vesting period onto their
> contributions lack of support on MS's part is
> unacceptable. While using the "ignore it approach" forced
> on us under the current version what good are any of the
> asset reports?

John
Sat Aug 07 16:42:11 CDT 2004

That's exactly what I do - I have one account for my contributions, and one
for my employer's. In the employer acc't, for the first year there's a cash
debit reducing the value to zero - after one complete year, there's an
offset credit for that year's vesting, and so on. It's not exact as values
fluctuate, but I update it approx monthly, and it does have the advantage of
not being wildly off in terms of holdings for overall planning amounts.


"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:%23s%23GT2heEHA.3412@TK2MSFTNGP11.phx.gbl...
> Unacceptable or not, it's what's there. As to the validity of the asset
> reports, you can either mentally compensate or just not track the unvested
> match money at all. Maybe you need two 401K accounts, the vested one and
the
> unvested one and transfer from one to the other as it vests? As noted,
there
> is not a good solution to this and every one involves compromise on the
> user's part.
>
> "Czech" <charles@kraupner.com> wrote in message
> news:007201c47a12$d2152e60$7d02280a@phx.gbl...
> > Since most company's force a vesting period onto their
> > contributions lack of support on MS's part is
> > unacceptable. While using the "ignore it approach" forced
> > on us under the current version what good are any of the
> > asset reports?
>
>