6.0 bug to watch out for at the current time.

[Guest]

They haven't posted this one on the web site, so be aware-

the 5500 count report appears to be in error for

the item # of participants who terminated during the year with less than 100% vesting.

This is suppose to be fixed with svc pack 4.

I mention it here, because we just completed a valuation, and we go ahead and process as much of the 5500 as we can at this time. It would be easy to send the data to peak 1 and miss this one.

There is a detail report now available for this report, all you have to do is count up the YES that appear in the column. It looks like it is doubling the number.

also, a reminder of possible posting problems of splits. sometimes even though allocation percentages are entered, the system will not use them (or it will throw the $ into your default account if you have one listed). This is also supposed to be fixed soon.

[Sue H]

Re: 5500 counts

Actually there are two other fixes that will be in the next service pack. Item 7h may include employees who terminated in a prior plan year, if they were coded with status Z (term & pd) in the current plan year. Item 7g may include an employee incorrectly due to a rounding error (fairly rare). This should all be on the website shortly.

Sue

[Guest]

thank you for the clarification and update. It is important we are kept informed on known problems.