user001

Yes, I did a manual transaction batch upload for each SDBA and separate batches uploaded from vendor. That does make sense! Thank you.

We use FT Williams for testing and 5500. I did trust accounting to sort out the earnings, distributions, fees. etc. and added the data to FTW along with vendor file for other participants' data. Thank you...this is helpful.

Noob 2024 testing & 5500 SF questions here: 1. For a 401k plan (accrual basis, Basic match SH w/ Proft Sharing contributions ) with both vendor and brokerage accounts - if a brokerage account includes only one participant out of 30 employees on census and deposits to that account total $68000 for example - is the entire $68,000 included in with the total of the vendor/recordkeeper total contributions on 5500-SF or just the max allowable annual limits by source? In this example 30,500 Roth and max SH match. The plan hasn’t decided on PS contribution amount for 2024 2. How do you determine the contribution source if the brokerage account statements list only ‘deposit’? This is my first plan with both vendor and brokerage accounts, and I’m unsure how the two are handled together on the 5500, and how the brokerage account deposits are broken down by source Thanks!