Employer contributions to 401(k)


J

J. Delage

Hi,

I have set up a separate account for my employer's matching contributions to
my 401(k). However, now I have a negative amount account listed under
"Bank", which throws of my total. Is there any way to resolve the employee
matching contribution without this becoming a problem?

I suppose one option would be to add the amount to the gross salary and to
the pre-tax contributions. Is that the best way to do that?

Thanks,

JD
 
Ad

Advertisements

C

Chris Cowles

J. Delage said:
Hi,

I have set up a separate account for my employer's matching contributions
to
my 401(k). However, now I have a negative amount account listed under
"Bank", which throws of my total. Is there any way to resolve the
employee
matching contribution without this becoming a problem?

I suppose one option would be to add the amount to the gross salary and
to
the pre-tax contributions. Is that the best way to do that?
On the after-tax tab of your paycheck, add a transfer to the cash portion
of the 401k in the amount of your employer's contribution. On the same tab,
create an offsetting entry as a negative amount (trust me) categorized as
'income: employer 401k contributions' or something similarly appropriate.
 
Ad

Advertisements

J

J. Delage

Thanks both. This works great.

JD

Chris Cowles said:
On the after-tax tab of your paycheck, add a transfer to the cash portion
of the 401k in the amount of your employer's contribution. On the same tab,
create an offsetting entry as a negative amount (trust me) categorized as
'income: employer 401k contributions' or something similarly appropriate.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA 401 K contribution and income limit 0
401(k) contributions 5
401(k) Contributions 2
401(k) total contribution? 2
excess 401(k) contribution 2
401(k) Employer Match 2
401(k) Employer Matching 3
401(k) employer match 23

Top