How do I use the 401(k) Update wizard?
If you set up a Quicken 401(k) account and your financial institution does not support online account services, the 401(k) Update wizard is the easiest way to track the performance of your various funds. You might also use the wizard if you're not interested in short-term fluctuations of account performance and balances, and if you want to update your account information only when you receive quarterly statements. Another advantage of this method is that the wizard is designed to let you track performance of your funds, even if your financial institution's statements don't provide transaction-level details (that is, if the statement does not provide buy/sell information on individual securities).
Use the 401(k) Update wizard whenever you receive a statement from your 401(k) financial institution (typically once per quarter). You don't need to update your Quicken 401(k) account every time you make a contribution from your paycheck. Update only when you receive a new statement from the 401(k) plan provider.
If you've collected several statements since your last update, start with the most recent statement. Quicken will add placeholder entries to adjust your holdings, and you can add historical detail from the older statements when it's convenient to do so.
If your employer previously didn't contribute to your 401(k), but now does, edit your account to reflect this change. Cancel the update and choose Tools menu > Account List. Click the Edit button next to the account. In the Account Details dialog, on the General tab, select Yes next to Matching Contributions.
- Open your 401(k) account.
- Click (the Account Actions icon), and then choose Update 401(k) Holdings.
What you see in the 401(k)/403(b) Update wizard will vary based on:
- How you've set up your 401(k) account
- The information you enter during this update
If you need additional information for a specific screen, click a topic below to learn more.