Dick
Sat Jan 01 15:08:22 CST 2005
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@discussions.microsoft.com> wrote in message
news:BBF52DC8-40B7-43D2-9F16-DA4A296C2348@microsoft.com...
> 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?