Navigation:  Deposit Reports > Deposit Reports - Numerical Order > Lincoln Retirement Reporting CD (FPSDR5898T)

Availability

Upon request, this CD can be created at year-end and after April 15 each year.

 

Purpose

This CD file is created for GOLDPoint Systems clients who use Lincoln Retirement Services to process IRS reporting for their retirement accounts. You must submit a work order at each reporting period to have the CD created for your institution. Any programming changes we are required to make for the CD are billable to each client that uses this service. Your institution will be charged for the time it takes to create the CD at the going programming rate.

 

The following fields are sent in the file:

 

•Number assigned to your institution by Lincoln Retirement Services

•Social security number of retirement account owner (MNSSFI)

•Account number (DMACTO, DMACTA, DMCKDG)

•Regular contributions for prior year (DMCNLY) and current year (DMCNCL)

•Rollover contributions (DMPYRA)

•Year-end market value of account (DMEYBL)

•Retirement account type indicator:

•Traditional (DMRIRA)

•SEP (DMSEPP)

•Roth (DMROTH)

•Recharacterized (DMPRCR)

•ESA (DMEDUC)

•Qualified (DMRQLP)