401k employer match excel spreadsheet. A test file and employer ID list must be sent to Slavic401k prior to submitting your first deferral. Calculations appropriate for proposed or existing plans; . So, for instance, an employee earning $100,000 a year might contribute up to $6,000 and receive $3,000 from the employer in matching funds. I'm proficient in excel, just not that proficient on the if/then statements. I believe the following can be done in additional columns 1 Determine the % of compensation for the deferral 2 Calculate 50% of the lesser of (the percentage OR 2%) 3 Calculate 25% of the lesser of ( (the percentage minus 2%) OR 2%) 4 Sum steps 2 and 3 5 Apply the percentage in 4 to compensation That should do it - famous last words BG5150. SOLVED] formula to calculate a 401K company match?. An employer-sponsored 401(k) retirement plan offers a wealth of benefits. However, if you specify an Employer Match, the spreadsheet assumes you are first contributing to a 401k, and then any savings beyond the 401k limits are kept in another accounts. I am trying to develop a formula for the ER match 401K or Roth. The last 3% payroll calcs it 33. =(MIN(D2,4)*C2)/100 =MIN(D2,4%)*C2. Your employer’s retirement savings plan is an essential. Small Bus Retirement Contribution Calculator. The Plan is legally classified as a discretionary contribution retirement plan. 401k maximum contribution employer match, upto $58,000. This has been a guide to the 401k contribution calculator. Excel; Microsoft 365 and Office; Search Community member; T. So we'll need to extend the IF function to handle this by adding a value if FALSE. 401 (k) Loan Repayment Report: Information regarding loan repayment deductions. So the employer "match" is calculating at 3% which is often OVER the employee contribution. Planning Your Retirement with 401K Calculator 401K is an account of pension plan which takes its name from the 401k subsection of internal revenue code. There are many variables and options, and there are people out there ready and able to help you make the right decisions. I assume from Stu's question that he has the money to do all of this. 5% (you will likely have to round this up to 8% since it is uncommon to be allowed to make a contribution in a fraction of a percent). A test file and employer ID list must be sent to Slavic401k prior to . There can be no match without an employee contribution, and not all 401(k)s offer employer matching. For example, your employer may pay $0. PSA: 1040 Excel Spreadsheet Now Available : personalfinance. Enter your current age, age at retirement, your current balance, annual salary, expected annual raise in salary, your annual contribution/investment, your employer's matching contribution, and the expected annual rate of return. This product is adapted for the 2022 calendar. First, we can simplify things a bit by just having the IF function figure out the percent. Opinions are our own, but compensatio. However, if you specify an Employer Match, the spreadsheet assumes you are first contributing to a 401k, and then any savings beyond the 401k limits are placed in other accounts. First, most plans offer a variety of investment options. An employee may also choose to make . Excel tutorial: Complex formula example 401k Match. However, if you specify an Employer Match, the spreadsheet may believe you are first contributing to a 401k, and then any savings beyond the 401k limits are place in other accounts. The company I work for will match employees 401K with the following: The first 3% the company matches 100%, the 4th and 5th % the company . And the period gets over at the end of the retirement. For instance, an employee can contribute up to $19,500 each year toward their 401 (k) plus the employer's matching contribution. Use this calculator to see how increasing your contributions to a 401k can affect your paycheck and your retirement savings. And the more money you contribute to your 401 (k) account, the more your company may also contribute. These tests measure how broadly your 401(k)’s benefits are spread among company employees. 401(k) and Profit Sharing plans - non-participating employer of a Controlled Group or Affiliated Service Group 403b plans - students as defined under IRC §3121(b)(10) and/or employees participating in another 403b plan of the employer P = excluded from the plan due to:. You pay taxes only when the money is withdrawn. Complex formula example 401k Match. This spreadsheet also provides an analysis of your final balance in regards to your contributions, your employer 's contributions, and interest earned until your retirement. You can get an estimate of the. A 401(k) is an excellent tool for saving for retirement. And the good returns will be given at the end of the period. Use this 401k Calculator Excel Template to estimate your 401K earnings during your work years. Your employer contributes toward your pension by matching contributions made by you and other employees. We can find out such thing through the use of 401K calculator that could be made through Microsoft excel. O - PRETAX Employer 2% HC Match. During 2019, G performed a review of the plan’s operations for the 2017 plan year. Copy and paste the IF function into the range L4:L22. Microsoft Excel Microsoft Office 10 Comments 2 Solutions 43 Views Last Modified: 3/23/2020 In the attached sheet currently is calculating a 3% match for employee 401K contributions in cell F5, I need to change this calculation to a 3% match if column CYOS is 5 years or less, a 6% match if column CYOS is between 5 to 10 years, and a 9% match if. Some 401k match agreements match your contributions 100% while others match a different amount, such as 50%. When an employee has a set dollar amount they contribute to each week and the company default is 3%, QuickBooks is not recognizing when the employee contribution is under that 3%. Okay - I'm fried and this one's confusing the heck out of me. 5) Create a payroll list item for 401k match of 3. creating a formula for 401k ER match. Spouse makes the same as her (checked step 2 on W4) **Employer will match 401K contributions up to $500. These contributions could be made into a 401(k) plan, 401(k) match received from an employer, IRA, Roth IRA, and/or taxable accounts. Let us show you how you can customize and use this template. This template evaluates your 401 (k) plan position and simulates future contributions by you and your employer. How to Calculate the Employer Match in a 401K. Retirement Hey guys/gals, I need a little bit of help! I’m terrible with excel, but I’m seeing if anyone has an excel spreadsheet templates that allows me to edit my salary by amount instead of percent and add a employer match. Its important to start your retirement with a spending plan that works for you. Contributor Andy Shuler presents his Excel version here. Amount of money you saved that month – I added this one to my personal chart and I include all 401k contributions (including employer match), Roth-IRA contributions, brokerage account contributions, and extra money put toward my mortgage. I could be completely off base, but it seems as though this would be a very effective way of administering a 401k plan if the software was programmed appropriately. If, for example, your contribution percentage is so high that you obtain the $20,500 (year 2022) limit or $27,000 (year 2022) limit for those 50 years or older in the first few months of the year then you have probably maximized your contribution but minimized your employer's matching contribution. Let us show you how you can customize and › Verified 7 days ago. This calculator lets you enter your age, anticipated retirement age, employer match percentage, and a host of other factors to include in this customizable 401K calculator. Second, many employers provide matching contributions to your 401(k) account which . You only pay taxes on contributions and earnings when the money is withdrawn. A 401(k) plan is an employer provided plan that employees may participate in if they are not already enrolled in a pension or retirement plan. Calculate the company’s 401(k) retirement contributions by entering an IF function in cell L3 on the Payroll Details worksheet. Like This Template? Excel 2003(XP) File: XLS. This means that the employer will match up to 5% of your annual salary into the 401k. a company match for an employer-sponsored retirement plan in two tiers. Document all payments to ensure each employee is properly compensated for their work, and so tax documents are accurate come year end. Many companies featured on Money advertise with us. First, what isn’t different: The 401 (k) contribution limit applies to both accounts. Otherwise, the output of the function should be zero. Step 2 – Updating employee contribution information Designated Roth 401(k) Contributions. The census should be completed in the first part of the plan year to meet filing deadlines. If you recieve a significant portion of your investment return in. For accurate test results, the employer must provide an accurate census. Does your employer offer a matching contribution?. 50% of the first 2% 25% of the next 2%. The typical partial 401(k) match is 50 cents on the dollar, up to 6% of an employee's salary. , so if contribution amount changes, the total column of the match will not go above the … read more. A 401k Retirement Plan is a savings and investing plan offered by employers to his employees that gives a tax break on money they set aside for retirement. The company only matches up to 6% of salary and they match either the roth or 401k or both if the employee % totals 6% for both. to show how different contributions and employers matches can compound. 5*C2))/100 =(MIN(D2,3%)*C2)+IF(D2>3%,MIN(D2-3%,2%)*0. Third which I update quarterly is my 401k and IRA ROI analysis, which really helps put into perspective compounding interest, and the benefit of employer matches and investing early and often. An Excel worksheet that tells you if you are spending enough time on the services your clients value most and if each plan's pricing supports your service . As an employer who offers a 401(k), you want to maintain a fiduciary audit file in the case of an audit by the IRS or Department of Labor (DOL), and for an annual audit if you have more than 100 employees. Web-based system allocates sponsor-discretionary DC/PS contribution to plan participants. There's various compound interest calculators out there, but not a specific 401k match calculator that's easily manipulable to quickly show how different contributions and employers matches can compound over the long term. Accurate 401(k) Census Records are Critical for Accurate Testing. Now, the employer will match contributions in the 401k up to 5%. The file should be comma delimited with text fields in quotes, or an Excel spreadsheet. A 401(k) plan is an employer provided plan that employees may participate in if they are not already enrolled in a pension or retirement plan offered by their employer. Note: video sample shows 2020 version. Your 401k plan account might be your best tool for creating a secure retirement. This spreadsheet takes basic inputs such as your current age or the age you want to retire. 5*C2) Accelerated - dollar for dollar match up to 4% of deferred salary. Monthly Budget Spreadsheet 2022. There are some employers who match employee's own 401K plan contributions dollar-for-dollar, up to a certain percentage. It takes into account your existing balance, annual raises in your salary, your employer's contributions, and the estimated rate of return. Most financial planning studies suggest that the ideal contribution percentage to save for retirement is between 15% and 20% of gross income. 401 (k) Contribution Report: Information regarding worker and employer contribution towards 401k. The Flexible Retirement Planner. A 401(k) plan is typically provided by a company to. For example, a company may decide to match 100 percent of an employee's 401(k) contribution up to 3 percent of the employee's gross wages. This lesson makes use of an Excel spreadsheet to demonstrate the power of compounding interest on a stream. So if you make $50,000 per year, 6% of your salary . 6+ 401k Calculator Templates in XLS. Second, all 401(k) contributions and earnings are tax-deferred. It also accounts for the total amount you have saved in tax-deferred, taxable, and tax-free accounts. In the US, many companies match an employee's retirement deferral up to a certain percent. This will put you at personally contributing $19,000 for a total contribution of $20,875. Learn how to roll over your 401k with a new employer. Complete the W-2 for each employee (included in Dec. Instructions In an Excel Spreadsheet, perform the following tasks. 401 (k) Maintenance Report: Worker census information. In this example, you would enter 3 percent in the "Match Up to" field, and 5 percent in the "Additional Match Up to" field to indicate the combined. = IF( C5 <= 4 %, C5 * B5,4 % * B5) For Tier 1, the company match is capped at 4%. The employer can match the employee contribution as long as it doesn't exceed the separate $57,000 employer-employee matching limit. The instructions you copy/pasted don't match your graphics. This one is also fairly basic as you simply put in your contributions, employer match (for 401k only), the gain/loss on the quarter/year, and any other. This 2% is only matched if the member contributes 4% - 5+% total. Traditional - 100% match on first 3% of deferred salary; then 50% match on next 2% of deferred salary. Compound Interest – when interest is added to the principal of a loan or deposit, so that interest earns interest on a recurring basis. For this spreadsheet, if you enter 50% as the Employer Match and 7% as the Max Employee % of Contribution, this should interpret as " 50% match up to an employee contribution of 67%. Profit-Sharing Contribution - used if your company is contributing profit-sharing funds to your employees’ retirement accounts. Step 1: Fill in your salary/hourly offer from both companies. This is one of the best spreadsheets I've seen! Does the HSA employer match go in B19 "employer match" along with the 401k employer match, or do you just put the total (contributions + employer match) in "employer-sponsored HSA"?. If an employee contributes 1% to 81 (401) and 10% on RTP (Roth), the match should be. Estimate your future 401 (k) balance. 401 (k) Combined Report: Aggregated information from Contribution, Loan Repayment, and Maintenance reports. part of your future financial security. According to the IRS 401 (k) Plan Overview: “ [These tests] verify that deferred wages and employer matching contributions do not discriminate in favor of highly compensated employees. Simplify the process of calculating contributions and determining employee eligibility in your . 401K company match calculation. There is no restriction or the limit of contribution imposed on the employee. For EmployersPartners Benefits that Work for You. Download Spreadsheet Activity 2-2 and review before starting the activity. If there was no Employer Match contribution for the participant, or if we calculate this amount on behalf of your plan, enter a "0" in this field, or leave it blank. This calculator lets you enter your age, anticipated retirement age, employer match percentage, and a host of other factors to include in this customizable 401K . Our free 401k Calculator for Excel can help you estimate how much you could have after investing for a certain number of years. Dollar amount the employer is matching to. This is free money, in my opinion. How to create a tiered percent 401(k) deduction with a. How is a 401k match calculated in Excel? In this example, the match has two tiers. 5% 5 (3+2 to 3+1) Create a payroll list item for 401k match of 4%. If the Years of Service is greater than or equal to 1, multiply the 401K Retirement value by 50%. The employer match helps you accelerate your retirement contributions. Finally, many employers make matching contributions to your account. The match should be 50% of the first 5% of the "total" employee contribution. Details: Calculation: Ratio Employee: Employer 4 (3+1 to 3+. Whis is a 401k such a good deal? Two main reasons: You get tax breaks, plus - in some cases - a bonus from the boss, known as a matching contribution. In tier 1 the company matches 100% up to 4% of the an employee’s compensation. If, for example, your contribution percentage is so high that you obtain the $19,500 (year 2020) limit or $26,000 (year 2020) limit for those 50 years or older in the first few months of the year, then you have probably. Step 2: Does the job offer a 401k company match? If so, type in the percentage. In this video we estimate the value of a 401 (k) at retirement given a set of assumptions. 401k Calculator Excel Template Use this 401k Calculator Excel Template to estimate your 401K earnings during your work years. And … excel formula for 401k calculations. 6 shows the basic information you will need for this project. This spreadsheet determines if you should invest through your 401k plan: or if a taxable account would actually be better. If your benefits see your contributions matched 100%, it means that for every dollar you set aside for retirement, your employer will match that with another dollar, up to the limit. Your annual savings contributions in this spreadsheet is not limit to just 401k contributions. Let's look at how we can simplify these formulas. cell O72 is Ted's Salary for the period $4,894. But what should be in your 401(k) fiduciary audit file? And how often do you update the 401(k) audit file? Read the guide. Download a free 401k calculator spreadsheet for calculating your 401k your annual contribution/investment, your employer's matching . Retirement Calculator for Excel. Here, you will solve for the retirement balance after 40 years, but there is an addition. You expect your annual before-tax rate of return on your 401 (k) to be 5%. Most 401(k) recordkeepers allow employers to upload spreadsheets, as opposed to entering data manually online. $ Amount that the employer is matching in 401k. Roth Contributions: Amount of after-tax salary deferrals designated as Roth 401(k) (W2 box 12 code AA, EE, BB) Column Q Optional Employer Match: If regular Employer match contributions are deposited during the year, enter the amount here. In this video, we build two formulas to calculate the company match for a 401k contribution. Set the Freeze Panes command on the Payroll Details worksheet so that rows 1 and 2 and columns A and B are locked in place while scrolling through the. Excel is especially useful for monitoring an IRA or 401k, where worksheets can hold data, interpret numbers and project future growth. Evaluate how much your employer will contribute. (There is a separate monthly tab. This is a great example of building a complex . 50 for every $1 you contribute up to 6% of your salary. 34 for 7% I know, a little different than what you might expect. Many employers match an employee's 401(k) contributions up in a tiered manner. Estimate your small business retirement plan contribution. How much should I contribute to my 401k match? The average matching contribution is 4. =((MIN(D2,3)*C2)+IF(D2>3,MIN(D2-3,2)*0. Employer Mandatory Contribution (Safe Harbor) - an employer contribution in the form of either a mandatory matching amount or a mandatory non-elective amount based on a predetermined formula within the plan’s rules. Select the Comma Delimited ASCII Spreadsheet. One of the unique features of this calculator is the option to specify a random rate of return - one that changes from year to year. 401(k) Contribution, as discussed, is a type of calculator wherein an individual can calculate the amount he can invest in a 401(k) plan and what amount his employer will contribute. The file should include all companies who have adopted a 401(k) plan with complete census, whether or not the employee is eligible or participating. **Employer will match 401K contributions up to $500. To calculate the match for Tier 1, we can start off like this: = IF( C5 <= 4 %, C5 * B5) This works fine for deferrals of 4% or less, but we'll get FALSE for anything over 4%. " This means that the company stops matching the rest of your contribution if you contribute more than 7% of your salary. The most common 401K matching . 5% (you will likely have to round this. The amount entered must be all numeric, with no dollar sign. Excel formula to calculate 401k match with BOTH 401k AND Roth deferrals. Using the attached Excel Spreadsheet tabs, complete the payroll register for Oct. So if you put in 7% deferrals, you get 5% match. The typical partial 401(k) match is 50 cents on the dollar, up to 6% of an employee’s salary. Need excel formula for 401k match of 50% up to 4% of salary. Can someone tell me how to set up an excel spreadsheet that will calculate the following employer 401k match for each employee. You may have heard of 401(k) plans from your employer as they are becoming more popular with employers across the country. Column C = B/A This will Express Deferrals as a percentage of compensation. This calculator lets you enter your age, anticipated retirement age, employer match percentage, and a host of other factors… Read the Full Article ». Excel Details: 401k Calculator Excel Spreadsheet - Discover The Best. 1 Determine the % of compensation for the deferral 2 Calculate 50% of the lesser of (the percentage OR 2%) 3 Calculate 25 . Experiment with other retirement calculators, or explore hundreds of other calculators on topics such as finance, math, fitness, health, and many more. Oblivious Investor offers a free newsletter providing tips on low-maintenance investing, tax planning, and retirement planning. This is one plan wherein an individual can defer tax payment. This specific spreadsheet is set up for the basic safe harbor match of 100% of the first 3% and 50% of the next 2%, and is for a company making semi-monthly payrolls. (Employer shall match 100% of each participants deferral contribution, not exceeding 3% of the participants compensation, plus 50% of each participants deferral contributions. Excel Details: Simplified formula example 401k Match. Step 3: Max out your 401(k) if you have the money. The Retirement Budget worksheet maintains records of the earnings and spending on a weekly bi-weekly monthly quarterly and annual bases. So lets say the following for Ted. Second, many employers provide matching contributions to your 401(k) account. The 401k Calculator tab contains a set of inputs, tables, and visualizations spread across 4 sections. Employer matching of your 401(k) contributions means that your employer contributes a certain amount to your retirement savings plan Typically, employers match . 03))/2))) Be sure the Compensation entered in Column A has already been limited to the 401 (a) (17) limit. Experiment with other retirement calculators, or explore hundreds of other calculators on topics such as. Use this calculator to help compare employee contributions to the new after-tax Roth 401(k) and the current tax-deductible 401(k). This can help you plan better for your retirement and make the necessary adjustments. Match formula is as follows: 100% of first 4, 33. Employer’s portion of the Medical Premiums is twice what the employee pays. Use the "Additional Match" fields if your employer offers a bi-level match, such as 100 percent up to the first 3 percent of pay contributed, and 50 percent of the next 2 percent of pay contributed. 401(k) Savings Formula for Excel. The second approach involves the employer manually maintaining a 401(k) payroll spreadsheet, then uploading that information following each pay period. Employer's portion of the Medical Premiums is twice what the employee pays ** 6. Excel Details: Free 401K calculator to plan and estimate a 401K balance and payout amount in retirement or help with projections, early withdrawals, or maximizing employer match. 401k Calculator · 401k Contribution Calculator · PaycheckCity. In tier 2, the company matches 50% on deferrals between 4% and 6%. Solved: QB Setup for 401k Employer Match with tiers - Intuit. Your employer might match your contributions to your 401(k). The legalese says this about calculating the company match: (Employer shall match 100% of each participants deferral contribution, not exceeding. So, if an employee contributes 10%, the company matches 100% up to 4%, and 50% from 4 to 6%. Download the 401k calculator excel to get the information on the annual saving. Many employees are not taking full advantage of their employer's matching contributions. Since Tier 1 is capped at 4%, and we know the deferral is at least 4%, we simply use 4%. Need excel formula for 401k match of 50% up to 4% of. 401k Calculator is an excel template that helps you to calculate the total amount of money you could save during until your retirement age. If you want only to max out your employer match, you will simply have to contribute at least 7. The labels and comments associated with the Employer Match should be more clear. Plus, many employers provide matching contributions. If your employer also contributes to the plan, sometimes as a matching contribution, find out how much. You can contribute up to $19,500 in 2021 and $20,500 for 2022. In the example we have formulas that calculate a company match for an employer-sponsored retirement plan in two tiers. What is the formula to calculate the ER match for both 401k and Roth deferrals realizing the company contribution is 100% for 1%-3% and then 50% for 4%-5%?. This paper has focused on providing a module on retirement planning that could be used in any course that offers present/future value and compounding interest instruction but most particularly in a course with a personal finance component. The area on the top left-hand of this page is where you need to enter the information for your situation. 3% or less will be matched in column L. During this review, G discovered one participant, identified as an NHCE, was the child of a 5% owner. If an employee's gross compensation (A) is 100000, and they contribute (B) 6%, I believe the result should be (C) $3500 based on a match formula that is 100% match on the first 1% contributed, and a 50% match on the next 5% contributed. Click More Payroll Reports in Excel, then select 401(k) Reports. Employer match should be calculated based on the total contribution % of traditional 401k pre-tax contribution and Roth contribution. If your company offers a 401(k), creating a 401(k) growth calculator in Excel allows you to test changes in your retirement savings. This is a great example of building a complex formula with sever. The legalese says this about calculating the company match: (Employer shall match 100% of each participants deferral contribution, not exceeding 3% of the participants compensation, plus 50% of each participants deferral contributions in excess of 3%, but not in excess of 5% of the participants compensation). Applying these figures to this calculator returns a before-tax total value of your 401 (k) retirement account of $795,517 in year 37 before you retire. Keep both the employee and the employer up to date on current pay rates by tracking overall compensations and deductions on a weekly, monthly, or yearly basis. Employer Contribution – the amount employers pay as a match to the contribution of their employees to their 401k account. There are two annual nondiscrimination tests a 401 (k) sponsor must pass: Generally, plans must also pass a third compliance test, the Top-Heavy test, each. net Go Now › Get more: 401k match calculation formula Show All. This will put you at personally contributing $4,000 for a total contribution of $5,875. I highly recommend always contributing at least the company match. For every dollar you contribute to your qualified retirement plan, your employer will also make a contribution to your account up to the plan's maximum amount. Microsoft Excel and these nifty spreadsheets can come in very handy with planning for your retirement, but obviously, if you have any questions or concerns then you are best off talking to a professional. other retirement savings plan at work, sign up and contribute all you can. A look at the average 401K match percentage & employer vesting schedules to allow readers to compare their employers 401K plan against others. As seen in the attached workbook, if you want to max out your 401k, you will need to contribute 38% of your gross income. If the deferral is less than or equal to 4%, we can simply use it as is and multiply C5 by B5, but when the deferral is greater than 4%, we simply multiply 4% by B5. It's for determining the company matching amount of an employees 401K defferal amount. Free 401K calculator to plan and estimate a 401K balance and payout amount in retirement or help with projections, early withdrawals, or maximizing employer match. If your 401k plan fees: are too high, they may actually negate the tax advantages of a 401k. Match - The total (non-Safe Harbor) Employer Match amount contributed to the Participant account. Updated 11/15/2018 : The labels and comments associated with the Employer Match should be more clear now. So let's move the second issue, the employer match. Why? You only pay taxes on contributions and earnings when the money is withdrawn. I think this is also an important number to keep track of because it will motivate you to increase this. Excel formula to calculate 401k match with BOTH 401k AND Roth. Expenses covered by your employer. A 401(k) match is an employer's percentage match of a participating employee's contribution to their 401(k) plan, usually up to a certain limit denoted as a percentage of the employee's salary. Your employer match is 100% up to a maximum of 4%. When you change jobs, you may want to change the way you save for retirement. Those who have worked at more than one employer in their career have likely come to the realizati. Employer G maintains a 401(k) plan for its employees. 401k Employer Match Excel Spreadsheet. Download free 401k calculator excel template and google sheets to track your 401k progress. Create a budget, track expenses, view paycheck scenarios, project savings goals, and more with this easy-to-use budget spreadsheet. N - Employer Healthcare match % This is the amount up to 2% that the employer will match the employee contribution. This spreadsheet also provides an analysis of your final balance in regards to your contributions, your employer’s contributions, and interest earned until your retirement. There are many retirement plans which are not tax-deductible. This spreadsheet also provides an analysis of your final balance in regards to your contributions, your employer's contributions, and interest earned until your retirement. The Excel MIN … 401k match calculation formula › Verified 6 days ago › Url: exceljet. Typically companies will offer anything from 2% to 8%. Excel tutorial: Simplified formula example 401k Match. Many employees are not taking full advantage of their employer’s matching contributions. How to change case of text in Excel? Click here to reveal answer. The Flexible Retirement Planner offers a free demo version for download on its website. Can we download the employee census report on Excel for 401K. Advertisement 401k Calculator for Excel Download ⤓ Excel (. The planning of retirement in a way is to invest in the 401k plan on where you are paid interest. Here's the problem that true-up payments address: Most 401(k) and similar plans that offer employer matching use a per-paycheck formula, such as an employer contribution equal to 3 percent of each. The combined result is a retirement savings plan you cannot afford to pass up.