Yet another Schedule I, line 4i question

[Guest Rae]

Does an individual life insurance policy count as a "security" which should be disclosed on line 4i of Schedule I if the cash value exceeds the 20% threshold?

[JohnCheek]

First, I would not consider an insurance poilcy a "security" for this purpose.

Second, if you have individual policies, there's a good chance the plan is buying "allocated" policies, which means that the policy is actually owned by the participant; in that case the policy is no longer an asset of the plan.