Are unallocated shares within a leveraged ESOP considered plan assets?

[Guest KTigges]

Are unallocated shares within a leveraged ESOP considered plan assets? If yes, where would you report this amount on the 5500?

[Guest ptpnthr]

The unallocated shares are clearly plan assets. They should be reported on the Schedule E.

[Disco Stu]

To go into slightly more detail....all of the employer stock, whether released or in suspense, is reported on the same line as an asset of the plan. The remaining principal balance on the loan is reported in the liabilities section.