FAQ 384: Allocation--forfeitures in a compliance only plan


We are using the compliance portion of ASC only. We need to allocate a match forfeiture and need assistance in properly setting the system to do the allocation.


Go to the Match source and use the "Override Forfeited Amount" field which allows users to enter a total forfeiture amount for this source. This override will eliminate the need to set up a forfeiture employee as forfeitures may be entered directly into the Source specs for each source. This field is used mainly for "Compliance Only" plans and cannot be used in conjunction with any allocated forfeitures from the employee's Account Values screen. For this amount to be read, the "Groups Forfeit Non-Vested Benefit" field on the Source screen should be coded as "0".