Brokerage Account

Article Contents

• Overview
• How to Enter Data
• FAQ

Overview

The brokerage account module in the 401k In A Box portal allows you to enter in all year end brokerage information for each participant and employee of the plan. The data that can be entered in is the beginning and ending asset balances, contribution amounts for prior and current years, rollover contributions, withdrawals, loan information, and total fees for the year. This information is necessary for us to complete the annual administration, compliance testing, and generating the form 5500 for filing. 

How to Enter Data

1. Login to the website www.401kinabox.com
2. Navigate to the "Brokerage Account" module
3. Select the employee
4. Enter in year end data
5. Select the "Save" button

FAQ

• Why do you need contribution amounts by year?
  • We handle the 5500 by cash-basis, so we need to confirm what contributions were posted to the account in the plan year.
• I have until tax filing to make contributions, what do I enter?
  • You can enter just the contributions you have made up to this point – you may update the contribution values later if needed.
• Why do you not have my year end balances?
  • Because we are not connected directly to your brokerage account, we request this information.
• Where can I find my beginning and ending asset balances?
  • Please contact your financial advisor. They would be able to provide you with a year end statement for your plan.
• How do I know what is an employee and employer contribution?
  
  • If you have a CPA, please contact them. They should be able to provide you with a break down of contribution types. 
• I entered all my information but it is showing as incomplete.
  • Please make sure you only enter in numbers and decimals. Do not enter $ or letters in the data boxes. Please make sure that the beginning and ending balances are entered.
• It is asking to upload a file, what file should I upload?
  • You can upload a year end statement for our review for your plan.
• How do I submit the data I entered?
  • Once you enter all data, please select the "Save" button in the top corner. 
• What does the employer column mean?
  • This refers to the profit sharing or employer contribution amount that is contributed into the plan.