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In reviewing a draft 990 for a retiree welfare plan, I learned that the prior year 990 was filed on cash basis. For 2015, we received a copy of the Financial Statement for the 5500 audit along with a cash reconciliation worksheet. On the cash reconciliation schedule, there was an account named “benefits payment redeposits” in the amount of over $4mil. I’m not sure if it should be entered on the 990 as revenue under cash method? Or it is related to any benefits accrued in prior years? Upon initial research, I learned that other organizations have listed the benefits payment redeposits as part of the plan's opening balance on the portfolio statements attached to the 990s, but I'm not sure if this amount actually entered on the Form 990 itself. The instructions to the Form 990 did not shed any light. Any help or direction is greatly appreciated!

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Here's an update: I found another company's 2013 filed 990 and that company included the benefit payment redeposits on Part VIII, Line 11 and an applicable business code. Not sure if this is the best course of action, but I think it may be worth a shot.

Note: companies using the older filed Forms (2005) have listed the benefits payment redeposits as part of the plan's opening balance on the portfolio statements attached to the 990s. Thoughts?

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