401(k) Accounts

[Rick Ziegler]

Bobby Goins wrote:

>Unfortunately, this is not as easy as it seems.  
>
><snip>
>
>Since you do not know the prices of anything except the Money Market, 
>you have 3 unknown purchase prices.  In this case:
><snip>
>
>See my dilemma?
>  
>
Usually you specify what percentage of the contribution goes to each fund.
This is the way all of my 401k  accounts have been set up.
If you are not aware of the % disributions, ask you 401k manager.

After you know that, you have all the numbers you will need. 

80% of $1000 to fund A = $800 / 40 new shares = $20per share
10% of $1000 to fund B = $100 / 10 new shares =  $10per share
10% of $1000 to fund C = $100 / 10 new shares =  $10per share

This is what I have to do too, because my 401k provider's web site does 
not provide transaction details until the end of quarter.  Even then 
they make my pay an extra dollar per quarter to get that detailed statement.

Hope this helps-
Rick

>I can live with just adding the number of shares of A, B and D, but I 
>don't know what to do with the cash account withdrawal.
>
>Any ideas?
>
>-----Original Message-----
>From: Derek Atkins <warlord at MIT.EDU>
>To: "Bobby Goins" <goins at iglou.com>
>Date: 03 Oct 2003 11:35:25 -0400
>Subject: Re: 401(k) Accounts
>
>  
>
>>"Bobby Goins" <goins at iglou.com> writes:
>>
>>    
>>
>>>All,
>>>
>>>How does one deal with 401(k) investment accounts in gnucash?  I have
>>>not found anything in the docs that address this issue.
>>>
>>>With 401(k) accounts, you do not know the price of the stocks /
>>>      
>>>
>>mutual 
>>    
>>
>>>funds purchased, only the number of purchased shares of each and the 
>>>cash withdrawal amount to cover the purchases.  
>>>      
>>>
>>Uh, that's enough to compute the price..  Price = Cash / #Shares.
>>You only need to know two of the three values; GnuCash will autocompute
>>the third for you if you don't know it.
>>
>>-derek
>>-- 
>>       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>>       Member, MIT Student Information Processing Board  (SIPB)
>>       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>>       warlord at MIT.EDU                        PGP key available
>>
>>    
>>
>
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