Schedule T - Question #4

[buckaroo]

I am trying to complete the 2002 Form 5500 for my client. I am up to the Schedule T and I have a problem. I know that certain parts of plans have to be disaggregated for coverage testing purposes, but my problem is how detailed do I need to go for testing. For example, suppose a plan has a 401(k) portion and a profit sharing portion. Both portions of the plan have statutory excluded employees which are tested separately. It is my opinion that on the Schedule T of the 5500 form, I need to show the test results for the four different portions of the test:

401(k) - nonexcludable

401(k)-excludable

nonelective - nonexcludable

nonelective – excludable

Does the above sound correct? If so, how are the above supposed to be filled in (verbage?) on the Schedule T? Should the nonelective just be split into “nonexcludable” and “excludable”? Any help would be appreciated.