Forfeitures- Schedule I

[Guest rachd]

How is it reported on the Schedule I when an employer uses forfeitures to reduce the employer contribution? For example, the contribution was $10,000 but $1,000 was forfeitures reducing their match. Is the contribution listed in line 2a1 $10,000 or $9,000?

If forfeitures are reallocated instead, how is that shown? It wouldn't be considered an additional employer contribution, would it?

Thanks in advance for your response!

Rachel

[R. Butler]

If forfeitures reduce and $9,000 was deposited. We show the contrib. as $9,000 on the Schedule I.

If forfeitures reallocate I don't see that it is an issue on the Schedule I. The money is always in the Plan its changing accounts.

[pmacduff]

I'm with R. Butler - we report the actual deductible contribution of $9,000, forfeitures are already in the assets of the plan, whether they reduce the contribution or reallocate.