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Subject Author Date
Need help with tracking employer paid benefits fj 05-04-2007
Posted by fj on May 4, 2007, 9:18 pm
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 Using Quicken XG 2006.
I have recently changed jobs and need advise on how to set up my paycheck
and track employer paid benefits. There are 3 separate accounts which the
company has set up for these benefits to go into.
A. direct trading account- into which goes:
1. an after tax deduction from my paycheck(savings plan)- buys
mutual funds of my choosing
2. an employer paid benefit- buys shares of the company
B. RSP account- into which goes a before tax deduction into my RSP-buys
mutual funds
C. RPP account- into which goes a wholely employer paid benefit-buys
mutual funds
I have set up three different accounts for this money to go into. I've set
up the paycheck for my basic deductions, but can't seem to set up all of
these transactions from within the paycheck. It looks like I can only set up
the RSP deduction(B) and the after tax savings plan(A-1) within the
paycheck. I believe I will have to manually enter the employer paid
benefit(A-2) and employer paid RPP benefit (C). I've tried setting up A-2
from within the paycheck, but quicken sometimes confuses which accounts the
money should go in and screws up the transaction.

Feedback anyone?

Thanks




Posted by Don in San Antonio on May 6, 2007, 7:21 am
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 fj said the following on 5/4/2007 8:18 PM:
> Using Quicken XG 2006.
> I have recently changed jobs and need advise on how to set up my paycheck
> and track employer paid benefits. There are 3 separate accounts which the
> company has set up for these benefits to go into.
> A. direct trading account- into which goes:
> 1. an after tax deduction from my paycheck(savings plan)- buys
> mutual funds of my choosing
> 2. an employer paid benefit- buys shares of the company
> B. RSP account- into which goes a before tax deduction into my RSP-buys
> mutual funds
> C. RPP account- into which goes a wholely employer paid benefit-buys
> mutual funds
> I have set up three different accounts for this money to go into. I've set
> up the paycheck for my basic deductions, but can't seem to set up all of
> these transactions from within the paycheck. It looks like I can only set up
> the RSP deduction(B) and the after tax savings plan(A-1) within the
> paycheck. I believe I will have to manually enter the employer paid
> benefit(A-2) and employer paid RPP benefit (C). I've tried setting up A-2
> from within the paycheck, but quicken sometimes confuses which accounts the
> money should go in and screws up the transaction.
>
> Feedback anyone?
>
> Thanks
>
>
>
I believe you're correct about not being able to include employer
contributions in paycheck. Employer contributions don't show up on my
pay stub either. I'm using Quicken 2005 Premier so it's possible later
versions have added a feature to cover this sort of thing.
Don

Posted by Han on May 6, 2007, 7:28 am
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> fj said the following on 5/4/2007 8:18 PM:
>> Using Quicken XG 2006.
>> I have recently changed jobs and need advise on how to set up my
>> paycheck and track employer paid benefits. There are 3 separate
>> accounts which the company has set up for these benefits to go into.
>> A. direct trading account- into which goes:
>> 1. an after tax deduction from my paycheck(savings plan)-
>> buys
>> mutual funds of my choosing
>> 2. an employer paid benefit- buys shares of the company
>> B. RSP account- into which goes a before tax deduction into my
>> RSP-buys
>> mutual funds
>> C. RPP account- into which goes a wholely employer paid
>> benefit-buys
>> mutual funds
>> I have set up three different accounts for this money to go into.
>> I've set up the paycheck for my basic deductions, but can't seem to
>> set up all of these transactions from within the paycheck. It looks
>> like I can only set up the RSP deduction(B) and the after tax savings
>> plan(A-1) within the paycheck. I believe I will have to manually
>> enter the employer paid benefit(A-2) and employer paid RPP benefit
>> (C). I've tried setting up A-2 from within the paycheck, but quicken
>> sometimes confuses which accounts the money should go in and screws
>> up the transaction.
>>
>> Feedback anyone?
>>
>> Thanks
>>
>>
>>
> I believe you're correct about not being able to include employer
> contributions in paycheck. Employer contributions don't show up on my
> pay stub either. I'm using Quicken 2005 Premier so it's possible
> later versions have added a feature to cover this sort of thing.
> Don
>
I get employer paid contributions to a TIAA-CREF plan. Haven't been able
to figure out downloads from them, so I have a recurrent transaction that
has to be edited biweekly to reflect then current prices. I set it up as
an "add" transaction, which means (AFAIK) that it just gets added. There
won't be an account the money comes from, and there are no tax
consequences whatsoever, I think (I'm not yet withdrawing, and I'm over
59 1/2).


--
Best regards
Han
email address is invalid

Posted by Don in San Antonio on May 6, 2007, 8:14 am
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Han said the following on 5/6/2007 6:28 AM:
>
>> fj said the following on 5/4/2007 8:18 PM:
>>> Using Quicken XG 2006.
>>> I have recently changed jobs and need advise on how to set up my
>>> paycheck and track employer paid benefits. There are 3 separate
>>> accounts which the company has set up for these benefits to go into.
>>> A. direct trading account- into which goes:
>>> 1. an after tax deduction from my paycheck(savings plan)-
>>> buys
>>> mutual funds of my choosing
>>> 2. an employer paid benefit- buys shares of the company
>>> B. RSP account- into which goes a before tax deduction into my
>>> RSP-buys
>>> mutual funds
>>> C. RPP account- into which goes a wholely employer paid
>>> benefit-buys
>>> mutual funds
>>> I have set up three different accounts for this money to go into.
>>> I've set up the paycheck for my basic deductions, but can't seem to
>>> set up all of these transactions from within the paycheck. It looks
>>> like I can only set up the RSP deduction(B) and the after tax savings
>>> plan(A-1) within the paycheck. I believe I will have to manually
>>> enter the employer paid benefit(A-2) and employer paid RPP benefit
>>> (C). I've tried setting up A-2 from within the paycheck, but quicken
>>> sometimes confuses which accounts the money should go in and screws
>>> up the transaction.
>>>
>>> Feedback anyone?
>>>
>>> Thanks
>>>
>>>
>>>
>> I believe you're correct about not being able to include employer
>> contributions in paycheck. Employer contributions don't show up on my
>> pay stub either. I'm using Quicken 2005 Premier so it's possible
>> later versions have added a feature to cover this sort of thing.
>> Don
>>
> I get employer paid contributions to a TIAA-CREF plan. Haven't been able
> to figure out downloads from them, so I have a recurrent transaction that
> has to be edited biweekly to reflect then current prices. I set it up as
> an "add" transaction, which means (AFAIK) that it just gets added. There
> won't be an account the money comes from, and there are no tax
> consequences whatsoever, I think (I'm not yet withdrawing, and I'm over
> 59 1/2).
>
>
I'm also with TIAA-CREF and I've been able to download employer
contributions into an account, but they always import as a buy
transaction. I just change them to add transactions and press on.


Posted by Han on May 6, 2007, 8:50 am
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> Han said the following on 5/6/2007 6:28 AM:
>>
>>> fj said the following on 5/4/2007 8:18 PM:
>>>> Using Quicken XG 2006.
>>>> I have recently changed jobs and need advise on how to set up my
>>>> paycheck and track employer paid benefits. There are 3 separate
>>>> accounts which the company has set up for these benefits to go
>>>> into.
>>>> A. direct trading account- into which goes:
>>>> 1. an after tax deduction from my paycheck(savings
>>>> plan)- buys
>>>> mutual funds of my choosing
>>>> 2. an employer paid benefit- buys shares of the company
>>>> B. RSP account- into which goes a before tax deduction into my
>>>> RSP-buys
>>>> mutual funds
>>>> C. RPP account- into which goes a wholely employer paid
>>>> benefit-buys
>>>> mutual funds
>>>> I have set up three different accounts for this money to go into.
>>>> I've set up the paycheck for my basic deductions, but can't seem to
>>>> set up all of these transactions from within the paycheck. It looks
>>>> like I can only set up the RSP deduction(B) and the after tax
>>>> savings plan(A-1) within the paycheck. I believe I will have to
>>>> manually enter the employer paid benefit(A-2) and employer paid RPP
>>>> benefit (C). I've tried setting up A-2 from within the paycheck,
>>>> but quicken sometimes confuses which accounts the money should go
>>>> in and screws up the transaction.
>>>>
>>>> Feedback anyone?
>>>>
>>>> Thanks
>>>>
>>>>
>>>>
>>> I believe you're correct about not being able to include employer
>>> contributions in paycheck. Employer contributions don't show up on
>>> my pay stub either. I'm using Quicken 2005 Premier so it's possible
>>> later versions have added a feature to cover this sort of thing.
>>> Don
>>>
>> I get employer paid contributions to a TIAA-CREF plan. Haven't been
>> able to figure out downloads from them, so I have a recurrent
>> transaction that has to be edited biweekly to reflect then current
>> prices. I set it up as an "add" transaction, which means (AFAIK)
>> that it just gets added. There won't be an account the money comes
>> from, and there are no tax consequences whatsoever, I think (I'm not
>> yet withdrawing, and I'm over 59 1/2).
>>
>>
> I'm also with TIAA-CREF and I've been able to download employer
> contributions into an account, but they always import as a buy
> transaction. I just change them to add transactions and press on.
>
How do you download from TIAA? I've looked on the website, but can't
find how to. Apparently poor eyesight <grin>.

--
Best regards
Han
email address is invalid

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