How To Track Employer's 401(k) Matching Contribution Before Setting Up Paychecks

If you are using an investment account to track your employer's contributions, do the following for each contribution:

  1. From the investment account transaction list, enter your employer's contribution as an income transaction.
    In this field of the Income dialog Do the following
    Transaction date Enter the date the contribution was made.
    Security name Leave blank.
    Category Enter Comp401k as the category.
    Miscellaneous Enter the dollar amount of your employer's contribution.
  2. Enter your employer's contribution as a Buy transaction.
    In this field of the Shares Bought dialog Do the following
    Transaction date Enter the date the contribution was made.
    Security name Enter the name of the security for your 401(k) plan.
    Number of shares Enter the number of shares shown on your statement.
    Price paid Enter the price from your statement.
  3. Enter your own contribution as a Buy action.
    In this field of the Shares Bought dialog Do the following
    Transaction date Enter the date the contribution was made.
    Security name Enter the name of the security for your 401(k) plan.
    Number of shares Enter the number of shares shown on your statement.
    Price paid Enter the price from your statement.

Notes

The easiest way to capture your employer's contribution to a 401(k) account is to set up a paycheck transaction in Quicken.

If you are using a 401(k) account (only in Quicken Deluxe, Premier, and Home & Business), you'll capture your employer's matching funds during the update process, even if you haven't set up a paycheck transaction.

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