FAQ 2155: Trust Reconciliation Statement of Assets

Problem: Can I print a statement of assets that also compares and reconciles with the participant account balances in the system?

Solution: https://fast.wistia.net/embed/channel/14xhueun3q?wchannelid=14xhueun3q&wvideoid=zwlb77svl8 Yes, add Assets in Plan Specs - Values-Assets and then using the menu Edit-Add or Modify assets. Each asset should be assigned their name or description using our Fund Description codes (these can be added in Global Specifications-Fund Names). Each asset will be assigned an asset type such as Accounts, Receivables or Payables. Print the report and extract from the main ASC menu-Reports-Other-Trust Reconciliation. Instructions are located in the DC_401k training manual, chapter 1. Use this link to download the pages from chapter 1 on trust reconciliation. https://csc.asc-net.com/csc/asc_client/download/User%20Documentation/Excerpt_Chapter1-planspecs_TrustReconciliation_documentation.pdf