Schedule R Minimum Funding

[Guest tcunagin]

If a MPP plan has forfeitures that reduce the employer contribution listed on Sch. I. Should the reduced amount be listed as the minimum funding on Sch. R?

[Guest Tbrown]

I believe that you would still report the total contribution amount as the minimum funding amount. The forfeitures don't reduce the minimum funding requirement, they just reduce the amount the sponsor has to pay to meet the minimum funding requirement.

[Blinky the 3-eyed Fish]

See a prior discussion on this topic:

http://benefitslink.com/boards/index.php?showtopic=7063

[Guest Tbrown]

Thanks Blinky. It seems that thread came to the same conclusion we did. No one knows for sure and everyone is doing it differently. My guess is that it isn't going to matter that much anyway as it wouldn't likely cause any problems either way. The only concern would be whether or not the amounts on Schedule R and Schedule I being different would trigger an audit. I've never seen that happen.