Re: 401K Company Match

[ Q1-Q3 99 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

In Reply to: 401K Company Match posted by Brian on May 04, 1999 at 19:41:18:

: Hi,

: I'm still using FundManager 3.4 and would like to "figure" it all out before using 4.0. Maybe my question is already answered in 4.0.

: I am trying to properly account for my 401K company match in my company's stock (zero cost for me) while keeping the graph "normal". I created an investment with the correct buy price and share amount (even though my "real" price was zero). I created another Investment trying to "offset" the Buy by entering a purchase of $1.00 for price and a "negative" amount for shares and amount (this also shows up in the investment transaction report as a "sell", not a "negative buy").

: In the Portfolio Cost - Value Graph, I get what I expect for cost (zero), but not the full value of the investment. If I eliminate the "offset" investment, I get the correct Portfolio Value but not the correct Cost (Cost includes the Company Match which did not come out of my pocket).

: Am I making things too difficult than I need to? I'd like to have a "real" chart of buys, sells, dividends, etc "match up" on the "price line", but also would like the "Portfolio" graphs/reports reflect that the Company Match is not part of my Cost.

: Thanks in advance for the help. Other FundManger users that have any advice, please feel free to chime in.

Hello Brian,
If you want to track your company's contributions
to your 401K as no cost purchases you can do this.
Just create a single purchase, under the
commission field, record a negative amount equal
to the "value" field. This will essentially
create a zero cost purchase of however many
shares you want. For example:

Price = $60
Shares = 100
Value = $6,000
Commission = -$6,000

Mark

Replies: