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Subject Author Date
401(k) employer match John Oliver 09-01-2007
Posted by John Oliver on September 1, 2007, 12:31 pm
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 2005 Deluxe R6

When I set up my 401(k), it asked for my contribution as well as the
employer match. Great. But the employer match is showing up in the
account, so it's building a cash value inside of the account. But in
the real world, that money isn't actually there, and won't be until I
become vested.

So, how do I make Quicken "hide" that money until my vesting date? It's
getting tough to reconcile the divergence between what Quicken says and
what my actual account says.

--
* John Oliver http://www.john-oliver.net/ *

Posted by Porter Smith on September 1, 2007, 3:27 pm
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> 2005 Deluxe R6
>
> When I set up my 401(k), it asked for my contribution as well as the
> employer match. Great. But the employer match is showing up in the
> account, so it's building a cash value inside of the account. But in
> the real world, that money isn't actually there, and won't be until I
> become vested.
>
> So, how do I make Quicken "hide" that money until my vesting date? It's
> getting tough to reconcile the divergence between what Quicken says and
> what my actual account says.
>

How about creating another account called "Employer Match" and transfer the
money there?

Posted by John Oliver on September 2, 2007, 7:23 pm
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On Sat, 01 Sep 2007 14:27:36 -0500, Porter Smith wrote:
>
>> 2005 Deluxe R6
>>
>> When I set up my 401(k), it asked for my contribution as well as the
>> employer match. Great. But the employer match is showing up in the
>> account, so it's building a cash value inside of the account. But in
>> the real world, that money isn't actually there, and won't be until I
>> become vested.
>>
>> So, how do I make Quicken "hide" that money until my vesting date? It's
>> getting tough to reconcile the divergence between what Quicken says and
>> what my actual account says.
>>
>
> How about creating another account called "Employer Match" and transfer the
> money there?

So, Quicken cannot handle 401(k) accounts properly??? That doesn't make
sense. Employer matches are nearly always on a vesting schedule. I
cannot possibly be the first person to run into this issue.

--
* John Oliver http://www.john-oliver.net/ *

Posted by Oilcan on September 3, 2007, 3:37 pm
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I've been vested in my 401(k) before Quicken. I though Quicken captured
what % you are vested - but I admit I never paid attention nor experimented
with it. I may be wrong....

> On Sat, 01 Sep 2007 14:27:36 -0500, Porter Smith wrote:
>>
>>> 2005 Deluxe R6
>>>
>>> When I set up my 401(k), it asked for my contribution as well as the
>>> employer match. Great. But the employer match is showing up in the
>>> account, so it's building a cash value inside of the account. But in
>>> the real world, that money isn't actually there, and won't be until I
>>> become vested.
>>>
>>> So, how do I make Quicken "hide" that money until my vesting date? It's
>>> getting tough to reconcile the divergence between what Quicken says and
>>> what my actual account says.
>>>
>>
>> How about creating another account called "Employer Match" and transfer
>> the
>> money there?
>
> So, Quicken cannot handle 401(k) accounts properly??? That doesn't make
> sense. Employer matches are nearly always on a vesting schedule. I
> cannot possibly be the first person to run into this issue.
>
> --
> * John Oliver http://www.john-oliver.net/ *


Posted by Bob Wang on September 8, 2007, 6:53 pm
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Late to the discussion,
But, my thought is to create another 401(k) account "Unvested Employer
Contribution"
Then transfer what is not vested into that account.
R.C. is probably rolling in the aisles

Bob

>>>

> 2005 Deluxe R6
>
> When I set up my 401(k), it asked for my contribution as well as the
> employer match. Great. But the employer match is showing up in the
> account, so it's building a cash value inside of the account. But in
> the real world, that money isn't actually there, and won't be until I
> become vested.
>
> So, how do I make Quicken "hide" that money until my vesting date? It's
> getting tough to reconcile the divergence between what Quicken says and
> what my actual account says.
>

How about creating another account called "Employer Match" and transfer the
money there?



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