Year-end Processing > Deposit Year-end

Note: If your institution does not service any retirement accounts or do not use GOLDPoint Systems to process and send retirement statements/forms to your borrowers, you can ignore this section.

The Retirement Accounts section of the Client Year-end Reporting Setup Form for Deposits allows you to select whether you want GOLDPoint Systems to print and send you all year-end retirement forms or whether your institution uses a third-party source to handle retirement account year-end forms.

Field Descriptions for Retirement Forms

The following descriptions explain how to fill out the Retirement Accounts section of the year-end form.

Field

Description

1099R/1099Q/1099SA Forms

Use this field on the year-end form to enter the number of retirement statements (forms) you want processed and put into GOLDView Plus for audit during the test run of the year-end processing for these retirement forms in the Test Forms to Print field.

In November after the test has been run, you will audit the forms in GOLDView Plus. The system uses the Sort By Alpha and Sort By SSN fields to determine the order of reports for both the test and final runs. In the Test Forms to Print field, enter the number of test forms you want to review.

Note

Accounts set to “Do Not Mail” are sorted to the top, so you may want to make sure that your test run is large enough to include accounts without the “Do Not Mail” indicator. The "Do Not Mail" indicator is set in the Mail Code field on the Addresses tab of the Households screen. We suggest entering 50 here.

5498/5498SA Detail Report

Enter the number of statements (forms) you want processed and put into GOLDView Plus for audit during the test run of the year-end processing for the 5498 and 5498SA forms in the Test Forms to Print field. In November, you will audit the forms in GOLDView. The system uses the Sort By Alpha and Sort By SSN fields to determine the order of reports for both the test and final runs.

Additional Options

Include beginning-of-year balance if retirement accounts converted onto our system this year?

Important for newly converted clients this calendar year. Beginning-of-year balance must be part of conversion or transaction detail will be out of balance, and the field will not be added to the retirement statement.

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