How to set up a reminder for a regular non-elective 401k contibutions?

benjamintm

In addition to an employer match for my 401k contributions, my company also has non-elective 401k contributions each pay period as part of the "Employer Paid Benefits". This doesn't come from my pay, but is an additional benefit. I tried to set it up as a re-occurring deposit, but I'm not able to assign it to my 401k account. What's the best way to set up a reminder for this?

Thanks,

Ben

volvogirl

Yes. Add 2 new lines to your paycheck entry.

volvogirl

I think you add it to your paycheck deposit. You add an entry for it to your 401K account and another entry to net it out, but I don't know what the other side category is.

benjamintm

When you say "add another entry to net it out", do you mean in the paycheck?

volvogirl

Yes. Add 2 new lines to your paycheck entry.

NotACPA

Of those 2 lines, 1 would be the transfer to your 401K and the other would be the same amount (with the opposite sign) to a non-taxed category, say "Add'l Employer Benefit", or whatever you want to call it.

I kinda suspect that this add'l benefit will show up on your W-2 … so you want to track it also.