Misc
What are the 2024 Cola Limits for EE, Catch up and ER.
EE-$23,000
Catch up-$7,500
ER-$69,000
This is the tab where you input if the plan has a short plan year.
What is the Start here tab.
What Value do we use for Insurance and Annuities?
What is Cash Surrender Value.
This is an easy way to tell when you have a Mutual Fund.
This needs to be deducted from the distribution transaction on the per account tab.
What is Distribution Fees (Participant Paid Fees)
This is the column on the Per Account tab where Foreign Taxes go.
What is earnings.
This type of Other Investment is always listed as a negative value.
What is Mortgage Liability.
This must be manually linked from the Mutal Funds tab to the Plan Totals Tab
What are distributions, expenses and outside transfers
This is what you must do in axis if a plan opens a new account at a new brokerage firm.
What is update the Axis Vendor Tab.
This is a reason why a participant would have 2 separate columns on the Plan Totals Tab.
What is if they have both Roth and Pre Tax accounts.
This is where all contribution deposits made to a Mutual Fund must be linked.
What is the Contribution Recon Tab.
What is leave a note for the consultant in the yellow section of the Processing Notes Tab.
This is what you do with the Transfer Instructions Tab if it is not in use.
What is hide it.
These are the types of Other Investments. Name at least 4.
Stocks, Limited Partnerships, Notes/ Deeds, Life Insurance/ Annuities, Real Estate Mortgage, Mortgage Liabilities, Misc. (Gold coins, Paintings)
This is where you NEVER include Mutual Fund Activity.
What is the Per Account Section on the Plan Totals Tab.
This is what you do after you complete a Rework case or a Special Servies case.
What is email the Trust Managers to notify completion.
This is how you set up a First Year DB plan with no Brokerage Assets yet.
What is we set up the TA with zero balances and the Actuary completed with accruals only.
If a plan owns stock outside of a brokerage account, we do not have a value but the stock is traded on the stock market. This is the website you can use to value the stock.
What is BIGCHARTS.com
This is what you do with mutual funds and other investments to get them to link to the List of Investments Tab
What is add them to the Plan Totals Row 7 – 16 (account number section)