Schedule of Active participant data

[Guest shronesz]

What plans are required to provide this schedule. Instruction say plan covered under title IV. I have a professional organization with 23 employees. Must they provide this schedule?

Thanks, Susan

[Guest ElKH]

Schedule B filing is required for Defined Benefit plans. If this retirement plan is not a Defined Benefit Plan, you needn't worry.

[Guest shronesz]

I know that the Schedule B is required, I am asking if the Schedule of Active Participant data is required to be attached to the B for this type of plan and what plans must provide this attachment.

Thanks ElKH

[WDIK]

Doesn''t Title IV pertain to coverage by the Pension Benefit Guaranty Corporation? My recollection is that the Schedule of Active Participants should be attached if the plan is covered by PBGC. A professional service corporation with less than 25 participants is exempt from PBGC.

[david rigby]

Be careful.

A "professional organization" may not be a "professional service corporation".

[Guest adallen]

Usually it is just for a PBGC covered plan, if your plan isn't then no need to add this attachment to the Schdule B, at least that's my understanding.

[Guest shronesz]

Thanks Pax and Adallen. After further research, the company is a Professional service organization, not covered by PBGC, so the attachment is not required.

Thanks for your input.

Susan

[mwyatt]

Ah, but be careful. You say "23 employees"; how many participants (including terminated vesteds, etc.). Once you cross over the 25 participant (active OR inactive) you are subject to PBGC coverage.