Screen PStmt - Participant Statements (5500)

Participant Information

Enter information on this screen to produce a Statement of Account for each participant. By using multiple units, you can produce statements for up to 20,000 participants. A participant package will be generated for each participant listed. This package contains a copy of the plan’s Summary Annual Report, a Statement of Account for the participant, and a transmittal letter and mailing slipsheet.
To override the generated description that is based on the ID or EZInfo screen, or if this is a welfare plan, enter a new a description.
This amount is subtracted from the total value prior to the calculation of the vested monetary portion of the account.
To automatically increase the vested percentage by the same percent during proforma, choose
Setup
,
5500 Benefit Plans
, select the
Other Return Options
button , and enter the amount you want the percentage increased in the
Increment participant’s vested percent by
field.
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