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how to record employee match for 2 accounts

unknown

I have both a normal 401 and ROTH 401. My employer matches to both, but Quicken 2017 only seems to allow for a single match. How to I make this all work?

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Quicken Harold

Hello jbritter2, appreciate your question.

We need some information in order to assist you: https://getsatisfaction.com/quickencommunity/topics/add-your-quicken-information-to-your-posts-plus-...

We need to know if you are using Quicken 2017 on a Mac or PC..

Thank you in advance for any information that you can provide.

Respectfully,
~ Quicken Harold.

K.O. (Win-Premier)

When employers match both Roth and Regular 401(k) they likely show only 1 match amount based on your individual contribution but the Roth and Regular accounts are separate. What is actually happening is your employer is matching/contributing to 2 separate amounts (Roth and Regular). You need to separate both your contribution to 401(k) and the employer match into Regular and Roth amounts/accounts.

There is nothing Quicken can do to determine what the split is and how much goes to each account.

Sherlock

A regular 401(k) is pre-tax and Quicken supports the pre-tax employer match.

The Roth 401(k) is after-tax. Any employer match of a Roth 401(k) contribution should be entered as Earnings and included in the transfer to the Roth 401(k) account as an after-tax deduction.

NotACPA

A regular 401(k) is pre-tax and Quicken supports the pre-tax employer match.

The Roth 401(k) is after-tax. Any employer match of a Roth 401(k) contribution should be entered as Earnings and included in the transfer to the Roth 401(k) account as an after-tax deduction.

Good Catch. I missed that when I previously read this thread.