Ok, if the employee and the employer weren't the same person, I wouldn't have even bothered to track this. I looked for information in other replies as to how to do this, and found information on entering both liability and retirement plan expense. So basically the liability only applies until the funds are sent to the retirement plan brokerage then? If that is the case, then what I have currently is a tracking asset that is not really an asset, and a tracking liability that is not really a liability. To zero those out, I would then debit the liability and credit the asset in a journal entry.