bcmom Posted June 15, 2017 Share Posted June 15, 2017 401(k) and Profit Sharing Plans with life insurance filing a 5500-SF. Are the insurance premiums reported as an expense? If yes, on which line? Or is it netted out of the gains on line 8b? Link to comment Share on other sites More sharing options...
chc93 Posted June 15, 2017 Share Posted June 15, 2017 I have been entering insurance premiums on Line 8f... Administrative service providers. Link to comment Share on other sites More sharing options...
david rigby Posted June 15, 2017 Share Posted June 15, 2017 5500 instructions may already provide an answer. https://www.dol.gov/agencies/ebsa/employers-and-advisers/plan-administration-and-compliance/reporting-and-filing/form-5500 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
Bird Posted June 15, 2017 Share Posted June 15, 2017 I think it depends on what type of insurance (and I don't think the instructions provide guidance, at least not clear guidance). If term, and yes, I have seen plans with term insurance, then it is definitely an expense item...I'd use line 8g (SF) "Other." If whole life or UL or some variant that develops a cash value, then I treat it as any other asset of the plan, so premiums are really transfers and don't get reported anywhere. The gains or losses are part of the "other income" on 8b (again, the SF form). Bill Presson 1 Ed Snyder Link to comment Share on other sites More sharing options...
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