Schedule C

[Guest Peter Riggins]

Would Schedule C be required to report the asset charges (if greater than $5,000) deducted from the assets of a 401(k) plan by an insurance company? Seems like this type of charge is similar to a mutual fund company investment management fee which I have never seen reported on Schedule C.

[jaemmons]

Unless the admin charges are reflected on the Schedule A, you must report it on the Schedule C. The insurance company is providing contracted administrative services to the plan, so they are not exempt from being reported on this schedule. Keep in mind that the Schedule C is only required for large plan filers.