How do I record maintenance fees if I don't use the 401(k) Update wizard?

If you use the 401(k) Update wizard, maintenance fees are accounted for during the update process. Otherwise, tracking 401(k) maintenance fees is a simple matter of entering these transactions in your 401(k) account transaction list.

Open your 401(k) account.
Sell enough shares to cover the maintenance fees.
- If your statement tracks shares
  Enter a sell action for the number of shares necessary to cover the maintenance fee. Then enter a miscellaneous expense to cover the maintenance fee.
  If your statement does not track shares
  Enter a sell action for the number of shares necessary to cover the maintenance fee, at a sale price of $1.00/share. Then enter a miscellaneous expense to cover the maintenance fee.

Notes

If you set up a Quicken 401(k) account and your financial institution does not support online account services, the 401(k) Update wizard is the easiest way to track the performance of your various funds and account for related transactions, including maintenance fees.

Space shortcuts

Page tree

Notes