Employer Matches

Question

I have both a Roth IRA with employer match and an HSA with employer match. Quicken doesn't appear to allow for matching on the Roth, so I have a $0 pre-tax contribution and a match amount, along with my post-tax contribution. But I am only permitted one pre-tax item with employer match in Quicken, and I can't split the employer match into the two accounts, so how do I account for the HSA match?

Jim_Harman · Answer

How about entering the full amount of the match as a transfer to one account, then transferring the appropiate amount from the first account to the second?

kweller · Answer

Thank you for that idea. I just ended up going to the HSA account and recording Employer Contribution for each paycheck. Not ideal, either way - Quicken should make it possible to have employer match for more than one item, and for the Roth as well. Thanks!

NotACPA · Answer

Use an intermediate account to receive the combined paycheck transaction and then record a split in that account to the final destination accounts.