Human Resources > Retirement Benefit Tracking > Retirement Account Activity
After interest has been calculated from the Calculate Retirement Benefit Interest page, use the Retirement Account Activity page to make adjustments to a selected employee's interest earnings.
Note: This feature is available to users who license Retirement Tracking and Benefits Administration.
To populate the page with data, you need to perform an employee search, as follows:
- Select an Employee.
- If you want to restrict data to an earliest transaction date, select a Transaction Date From.
- To restrict data to a latest transaction date, select a Transaction Date To.
- If you want to filter data by a particular retirement plan, select it in the Filter by Plan field. The drop-down contains all retirement plans that have been set up for the selected employee. A retirement plan must belong to a benefit category of pension or deferred comp, and the category must have the Track Interest box checked on the Benefit Administration-Retirement pop-up in Benefit Plan Maintenance. Leaving the Filter by Plan field blank includes all retirement plans in the search results.
- Click the Search button.
A summary of the selected employee's and employer's contribution activity populates an infragistics grid on the top-half of the page, while the detailed account activity populates a grid on the bottom-half of the page.
Summary Grid Columns
| Column | Description |
|---|---|
| Starting Balance | Life-to-date account balance as of the start of the transaction date range selected for the search. |
| Contributions | Total dollar amounts of the deduction and benefit contributions made during the transaction date range selected for the search. Amounts may be negative. |
| Payouts | Total dollar amounts of the payouts made during the transaction date range selected for the search. Amounts may be negative. |
| Interest | Total dollar amounts of the interest paid during the transaction date range selected for the search. Amounts may be negative. |
| Ending Balance | Life-to-date account balance as of the end of the transaction date range selected for the search. Amounts may be negative. |
| Vested Balance | Life-to-date vested balance as of the end of the transaction date range selected for the search. Amounts may be negative. |
Detail Grid Columns
| Column | Description |
|---|---|
| Transaction Date | Date the calculation occurred. |
| Plan | Category and plan name for which the calculation was performed. If the selected employee does not have a benefit plan enrollment for the current year, only the category is displayed. |
| Type | Type of transaction that occurred. The available selections are Contribution, Interest, Partial Payout and Complete Payout. |
| Employee Paid | Displays a green check mark if the contribution or interest is paid by the employer. It does not apply to partial or complete payouts. |
| Adjustment | Displays a green check mark if the amount represents an adjustment to a calculated amount. |
| Amount | Payment or adjustment amount. |
| Pension Wages | Wages applied to pension calculation. |
| Comments | Comments that were included in the original calculation or the adjustment. |
To add a payment adjustment, click the New button, located in the bottom border of the grid. The Payment Adjustment pop-up opens.
Click the Print button to generate a Retirement Tracking Transaction Report.