DC/DB Account Balance (BN55.1)
Use DC/DB Account Balance (BN55.1) to track account balances for each employee in a defined contribution (DC) or defined benefit (DB) plan.
Processing Effect
PR197 (Payroll Close) updates the pre-tax, after-tax, and company contributions for employees for each defined contribution benefit.
Using BN55.1, you can
- load account balances of previous years, and
- adjust forfeitures, investment interest, and company contribution amounts.
A date, time, and userid stamp displays who and when the last manual change was made.