DB/DC Account Balance Conversion (BN555)

Run DB/DC Account Balance Conversion (BN555) to import DC/DB plan balance adjustments.

Process at a Glance

  1. Payroll Close (PR197) updates the pre-tax, after-tax, and company contributions for employees for each defined contribution benefit.

  2. Using BN555, you can a) load account balances of previous years, and b) adjust forfeitures, investment interest, and company contribution amounts.

Processing Effect

The DB/DC account balances are updated for the plan year(s) identified in the data file you are loading.

More Information

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