To BenefitsLink Home Page
To EmployeeBenefitsJobs Home Page
Get the BenefitsLink app for iPhone and iPad LinkedIn
Twitter
Facebook
Search the News


Featured Jobs
Plan Administration/Employee Benefits/Sales Support
Benefit Group: Sales Manager
Retirement Plan Administrators
Legal & Compliance Specialist
Conversion Manager
Conversion Consultant
Plan Consultant
Documents Coordinator
Relationship Manager
Plan Administrator II
Conversion Specialist
Retirement Leaders
Actuarial Consultant
ERISA Attorney
Account Manager
Salesperson
Employee Benefits Sales Consultant
Associate Vice President & Regional Sales Consultant
Search all jobs
 

 
 
 

Jump to content


Photo

Schedule I, 4i


  • Please log in to reply
1 reply to this topic

#1 Victoria Pelletiere

Victoria Pelletiere

    Registered User

  • Registered
  • 16 posts

Posted 18 July 2001 - 12:36 PM

I know that the determination of the 20% amount is as of the beginning of the year. When answering the question "Did the plan at any time hold 20% or more of its assets in any single security. . ." do I include holdings throughout the year? For example, I determine the 20% amount to be $100,000. On the first day, the plan owns $200,000 of IBM stock. During the year, the IBM stock is sold for $200,000, Exxon stock is purchased for $200,000, later sold for $200,000, and McDonald's stock is purchased for $200,000. Do I report $200,000 as of the beginning of the year or $600,000 for each security held during the year?
Thanks in advance for your help! :)

#2 dubya

dubya

    Registered User

  • Registered
  • 54 posts

Posted 19 July 2001 - 07:21 AM

The 20% applies during the whole year. So, yes, if you determine the 20% amount to be $100,000, and at some point during the year, you have more than stock or other holding of $200,000, it is reported. I believe you will aggregate the amounts to report a dollar figure on line 4i. In your example, it would be $600,000.

FYI, if the holdings you described were due to participant self-direction, they do not apply to this question of the form.