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Quicken 2005 401k Employer Contribution

#1 User is offline   triton3k Icon

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Posted 12 January 2007 - 11:26 PM

Im trying to find out how some of you have setup adding your employers 401k contribution onto quicken? Ive already setup an 401k account on quicken but not sure on how to input my employers contribution properly. Any help would be greatly appreciated.
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#2 User is offline   yesterday Icon

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Posted 16 January 2007 - 03:06 PM

I was still using Quicken 2000 when I first joined a 401(k), so maybe Q 2005 (which I have now too) has a better way. I set up Employer contributions as "Move Shares In" since the funding source is external to my own accounts.
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#3 User is offline   ftaok Icon

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Posted 25 January 2007 - 04:06 PM

Here's how I do it.
1. I find out how much money my employer has contributed to my account. It's easy since they do the matching 4 times a year as opposed to every paycheck.
2. I input that amount of money into my 410k account and tag the memo as "Company Match".
3. Then, I set up a Buy transaction for each of the funds that get bought with match money. I also put "Company Match" in the memo of these transactions.
By doing it this way, I can set up a report to looking for all transactions with "Company Match" in the memo and VIOLA!
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