BenefitsLink logo
EmployeeBenefitsJobs logo
  
  

Search the News


Featured Jobs
Senior Pension Consultant
Retirement Plan Sales
ESOP Administrator
Plan Administrator
Regional Sales Consultant
Defined Contribution Pension Administrator
ESOP Administrator
401(k) Daily Processor
401(k) Daily Valuation Administrator
401(k) Daily Relationship Manager
Regional Sales Consultant
Search all jobs
 
Get the BenefitsLink app for iPhone and iPad LinkedIn
Twitter
Facebook

Jump to content


Photo

5500 schedule I question 4i


  • Please log in to reply
1 reply to this topic

#1 JAnderson

JAnderson

    Registered User

  • Registered
  • 1 posts

Posted 04 October 2001 - 11:44 AM

I have receive numerous answers to how question 4i of the schedule I should be answered. The question: Did the plan at any time hold 20% or more of its assets in any single security, debt, mortgage, parcel of real estate or partnership/joint venture interest?

Seems like this should be a faily easy question, but we have experienced much debate over the correct interpretation on how to answer this question. The Form 5500 instruction book provides little help. The question is: Should Mutual Funds be reported here if the value of any of the funds is 20% or more of the beginning value of total plan assets? My thought and prior instruction have been, No. Only truly, single securities - stocks and bonds for instance. A mutual fund not being defined as a single security, and therefore would have no bearing on this question. Thoughts?

#2 Disco Stu

Disco Stu

    Registered User

  • Registered
  • 114 posts

Posted 04 October 2001 - 01:01 PM

They were kind enough to make the instructions a little more specific this year. The instructions for this item indicate that participant directed accounts do not need to be considered in looking at the 20% threshhold.

If the mutual funds you speak of are not participant directed, my understanding is that they would count for the 20% threshhold. Although the only support I have for this is anecdotal.