Insurance Company General Account

[Guest meggie]

The last time I worked on a 5500 filing for a defined benefit plan, I recorded the contract value of the general unallocated account for a defined benefit plan as equal to the value of plan assets for Schedule A and financial information purposes(now Schedule H). There were no other assets in the plan.

I now see Schedule A information provided by insurance companies including a FAS110 market value adjustment and a year end "current value" reflecting the market value adjustment.

Question: For purposes of determining 5% reportable transactions, should the threshold be based on the beginning year market value adjusted balance in the general account ?(there are no other assets in the plan) and do I treat the FAS110 MV adjustment at the end of the year as a potential 5 % reportable transaction if it exceeds the 5% threshold?

Thanks in advance.