The Account Provision Transaction Screen is for defining a specific account deposit using either a Reported Amount or formula. Multiple Transactions are possible and are used for accounts with multiple types of deposits.

• Basic Information: area for identifying the basic information about a Transaction.
• Transaction Name: enter the name of the Transaction.
• Description: provide a brief description of the Transaction.
• Type: select the type of deposit from the drop down box.
  
  Choose from Employee DB Contributions (pre-tax), Employee DB Contributions (post-tax), Cash Balance Deposit, 401(k)/403(b) Deposit, Employee 401(k)/403(b) Deposit, Account Interest, Employer 401(k)/403(b) Deposit, 401(k)/403(b) Catchup Deposit, Rollover/Transfer, Cash Balance Minimum, Opening Balance (pre-tax), Opening Balance (post-tax), or Balance Override.
• Transactions After Calculation Date: choose whether to always or never create transactions after Calculation Date, or to only create such transactions when referenced in a CALCULATE function. This will determine whether additional transactions in the account can be created upon reaching Calculation Date.
• Transaction Definition: choose one of the following methods for defining the Transaction. Fill in the applicable area.
• Deposits defined by a Reported Amount: select this box if deposits to the account are defined by a Reported Amount and then fill in the following fields:
• Reported Amount Name: select the Reported Amount that contains the deposit from the drop down box.
• Allocation Method: the following two fields define the method for allocating the Reported Amount.
• Allocation to Multiple Periods: choose either Prorate, Start Date, End Date, or Date Received.
• Proration Allocation Method: required if "Prorate" is chosen for an allocation method. Choose either Allocate using days, Nearest month, Worked day in month, Next-lowest month, or Next-highest month.
• Exclude Reported Amounts with effective dates prior to the payment to employee of employee contributions: this box is generally used in the case of a plan with employee contributions where the participant terminated, received a distribution equal to the return of employee contributions and then is later rehired. By checking this box, the system only starts to record deposits and accumulate employee contributions for the period since distribution, thereby effectively restarting the account as of rehire.
  
  Check this box to exclude any deposits within the Reported Amount field with effective dates prior to the date the Person received a return of employee contributions. Such payment is recorded within the Benefit Payment area. Specifically, there must be a payment amount with a Form of Benefit of "Lump Sum - Return of Employee Contributions". The system excludes Reported Amounts with effective dates prior to the Effective Date of such payment.
• Exclude Reported Amounts with effective dates prior to the payment to employee of a lump sum or small benefit cashout: this box is generally used in the case of a cash balance or defined contribution plan where the participant terminated, received a lump sum distribution of their account and then is later rehired. By checking this box, the system only starts to record deposits and accrue an account for the period since distribution, thereby effectively restarting the account as of rehire.
  
  Check this box to exclude any deposits within the Reported Amount field with effective dates prior to the date the Person received a lump sum or small benefit cashout. Such payment is recorded within the Benefit Payment area. Specifically, there must be a payment amount with a Form of Benefit of "Lump Sum (non-Life Contingent)", "Lump Sum (Life Contingent)", or "Lump Sum - Small Benefit Cashout". The system excludes Reported Amounts with effective dates prior to the Effective Date of such payment.
• Do not allow any transactions or interest credits after this amount: check this box to shut off all future interest and transactions once this deposit is made.
• Regular Deposits Defined by Formula: use this area to specify the parameters of the Transaction when it is defined by a formula instead of a Reported Amount.
• Service Name: select the Service Definition from the drop down box that determines whether a Person is eligible for a deposit.
• Adjust deposit amount by service accrued during period: check this box if you wish to allocate the deposit by service accrued. The accrual is determined by the Service Definition defined above.
• Allow $0 transactions: when this box is checked, transactions will still be made even when the result of the Formula is 0.
• Deposit Frequency: select the frequency of deposits from the drop down box. Choose either Annually, Semi-Annually, Quarterly, Monthly, Bi-weekly, Weekly, or Daily.
• Deposit Anniversary: this is used in combination with the Deposit Frequency to determine when a deposit is made. Enter the Month and Day of the anniversary year for the deposit.
• Filter Formula: if desired, enter a formula here to set specificiations for when transactions will be made.
• Formula: space to enter the actual formula for the deposit. For more information about Formulas and the list of possible functions, go to the Formula Functions screen.
• Create transactions for each unique combination of primary additional identifiers within the period for the following Reported Amount: creates separate transactions when a Participant has multiple amounts for the chosen Reported Amount with different Primary Additional Identifier values within the same period.

• Formula Functions