some responses to daily comment

[Tom Poje]

forfeitures: I am not sure where the bug lies. I too have had some problems and I am doing dollar accounting. I modified some of the Quantech reports to separate the contributions and forfeitures into separate items. There are 'two' gains items on a lot of the reports. E.g. : sum gains/loss (usually supressed) and dispSsUnrealized gainAmt. Since I am not doing share accounting, I reversed these items...suppressed the unrealized gain and unsupressed the gains items. This solved my problem. Since I am a Crystal 'tinkerer' rather than an 'expert' I figured I might have done something wrong. However, since 'daily' also reports a problem, it sounds like a bug might exist, at least at the report level- but without time to look at deeper I don't know. In the account screen are forfeitures showing as both $ and shares?

2. Eligibility - not sure what is meant here, 'clicking on the first box'. which one? I have had very few problems in this area, but then maybe I have a better understanding of what happens when you click on the different elements. (Lots of experience on this one going back to the old Pentabs system) give an example and maybe I can help.

(sorry, thats all for now)

[Spencer]

Regarding eligibility problems, the plan document our office used most often has eligibility requirement of 1year and entry date nearest.

For plan with only one entry date, Quantech calculates correctly. However, we have a handfull of plans with 1 year and entry date nearest with two entry dates. We cannot get Quantech to calculate eligibility correctly on those cases. We have called Quantech and they have confirmed that the program will not calculate eligibility correctly.

Do you have any experience with this scenario? Any suggestions on a work around? Thanks!

[Tom Poje]

lets see if this is what you want.

entry dates 1/1 and 7/1

ee hired 3/1/97 so 1 year later is 3/1/98, you want entry on 1/1.

if ee hired 4/2/97 1 year later is 4/2/98, you want entry 7/1. Correct?

suppose you code system (non retroactive entry, but 9 month wait.)

ee hired 3/1 --> 9 months later is 12/1, so enters 1/1.

ee hired 4/2/97 --> 9 months later is 1/2/98 (this date is beyond first enry date) so enters 7/1, which is what you desired. I think this will work, there might be problems for ee hired on 1/1, 4/1,7/1, and 10/1, but even those might work. I'm not sure.

*using 9 months instead of 12 months for waiting period will 'fail' if ee terminates between the 9th and 12th month of hire, but its the best I can come up with to get around your situation.

By the way, the same logic applies if you have a 401k with immediate entry, but 1 year wait for profit sharing. e.g. If you have quarterly entry dates, enter 15 months under profit sharing waiting period. (this is 1 year wait plus 3 months for quarterly)

[This message has been edited by Tom Poje (edited 06-29-99).]

[Spencer]

Thanks, Tom. We will give this work around a try.

[Guest DottleC]

I noticed on some of our reports that forfeitures are being added twice - I think there was some inconsistencies in how the "transfer" portion of the formula used was computed, but I'm not sure. I never seem to have enough time to really hammer these things out. The gain on the statements is computed by taking the computed ending balance less beginning balance and additions/subtractions.