Retirement Service Charge Report (FPSDR044) |
  
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Retirement Service Charge Report (FPSDR044) |
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Availability
This report is generally run daily in the afterhours. Consult your customer service representative if you want to schedule this report differently.
Purpose
The Retirement Service Charge Report checks the Account Master Screen for the Retirement (RT) feature. If the account is a retirement account a check will be made to see if any service charges have been assessed to the account. If a service charge has been assessed, they will show on this report. A retirement account that has had no service charges assessed will not show on this report.
This report can also run when retirement service charges are assessed (generally once a year).
The following sort fields are available:
80 Plan Number
81 Service Charge Code
82 Service Charge Frequency
83 Service Charge Criteria Code
84 Household Number
Report Column Information
See FPSDR044 Example for an example of this report.
Column |
Description |
|---|---|
Household # |
This is the household number for the account taken from the CIF System (MNHHLD). |
Plan |
This is the Retirement Plan number in which the account has been assigned. This is taken from the CIF System. |
Service Charge #/ Frq |
This is the service charge number and the frequency given to the account for processing the service charges. File maintenance is allowed. Valid frequencies are: 0 Never 3 Quarterly 6 Semiannually 12 Annually |
Crit Code |
This is the code that specifies which accounts are assessed a service charge. File Maintenance is allowed. Valid criteria codes are: 0 No service charge 1 All accounts service charge 2 Newest account service charge 3 Oldest account service charge 4 Account with lowest balance service charged 5 Account with lowest rate service charged 6 Account with highest balance service charged 7 Account with highest rate service charged |
Assessed Charge |
This is the amount of the service charge that has been assessed to the retirement account. |
Amount Prepaid |
This is the amount that the IRS owner prepays for the year to take care of the service charges that will be assessed to the retirement account. |
Prepaid Remaining |
This is the amount of funds that remain after the service charge has been assessed to the retirement account. |
Account to Charge Fee |
This is the account in the plan that will be debited for the service charge. |
Amt Of Fee To Charge Acct |
This is the amount to charge the account on the service charge minus the prepaid amount that the owner pays for the year. |
Totals and Subtotals Provided
Subtotals are provided by office number for each of the following areas on the report.
•Number of accounts with Retirement service charges assessed
•Total amount of assessed charges
•Total amount prepaid
•Total amount prepaid remaining
•Total amount of fee to charge the account
Institution Totals are also provided for the areas listed above.