Adjusting Defined Contribution or Defined Benefit Plan Balances

Track account balances for each employee in a defined contribution (DC) plan or a defined benefit (DB) plan. Make adjustments where necessary.

Use Defined Contribution or Defined Benefit Acct Balance (BN55.1) for making individual adjustments. If you need to make a large number of adjustments, import the adjustments from a csv file using Defined Benefit or Defined Contribution Balance Con (BN555).

To adjust defined contribution or defined benefit plans

Access Defined Contribution or Defined Benefit Acct Balance (BN55.1).
Select the Company, Employee, Benefit Type, Plan, and type the Plan Year.
Select the Inquire form function.
Type the adjustment figure in the appropriate enterable field to make appropriate adjustments.

Note: The amount entered must be the amount to change the balance, not the new amount balance. If subtracting an amount, type the minus sign at the end of the amount to change.
Select the Change form function.