Parent Account for Investment Account?

[uncle hammy]

I have worked my way nicely through setting up GNUCash for the first time,
and I am quite pleased.  I am now trying to take care of the final piece of
the puzzel for me...my work 401k.

I have a single investment account with the firm my company uses for our
401k, and within that account I hold various funds according to my
allocation.  Each week, x% of my pay is deducted as a contribution to my
401k, purchasing x units of each fund in my mix.  I also recieve a company
match that is paid quarterly.

To account for all this, I figure i need an income account "Company 401k
Match", an asset parent account "Company 401k", and then child asset
accounts for each fund I hold....correct?  

I am assuming I can then, enter my salary into my checking account, and do a
split on it of a lump sum for my contribution, going in to the parent
account.  Then do purchases for each of the funds, with the source being the
parent account.

Does all this add up?  

My big question though is what type of account is the parent account...just
"asset"?  Something in me wanted to make it "mutual fund", but that doens't
fly, because I need to enter a commodity.

TIA,
Scott
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