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Re: 401(k) company match with loaded mutual fund

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Posted by Mark on August 22, 2000 at 18:29:43:

In Reply to: 401(k) company match with loaded mutual fund posted by Pat on August 22, 2000 at 13:50:07:

: Hi -

: All of the mutual funds in our 401(k) plan are front end loaded.

: I set each investment type as a loaded mutual fund with 3.5% load.

: When I enter my personal contribution, I use the Percentage Load transaction type. I enter Value, Number of Shares, and % Load. FM calculates purchase price, actual price, and commission.

: When I want to enter the company's matching contribution, I switch to Commission Fees transaction type. I enter value, # of shares. FM calculates Price (purchase price). Now there are two different prices on the same day. So far, FM has been showing the Actual Price as the closing value on any day that a purchase was made. Will this always be the case?

: If I run a report, my personal Out Of Pocket Invested, End NAV, End Shares are all correct. I was hoping that Commision Fees would represent the amount of my company's matching contribution, but of course this value is the company's match minus the front end load of each transaction. Is there any to display or enter data so that I can see the front end loads and the company's matching as separate values?

: Thanks for any ideas.

: Pat

Hi Pat,
When you record a transaction, if there is not a closing price
already recorded for that day, FM will use the appropriate price from
your transaction to update the closing price. If there is already
a closing price recorded, it will not be modified. The closing price
is independent from the prices of your investments. You could have
multiple transactions on the same day at different prices, and then also
have a different closing price.
Regarding keeping your contributions separate from those of your company...
You could create multiple investments for your 401K, one of your contributions,
and one for your company...

Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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