Current Value Cost Reporting

[Gruegen]

Could someone please provide me the authority (besides the Form 5500 instruction, I am looking for the DOL Regulation cite) for the requirement that the Realized and Unrealized Gains on Form 5500 Schedule H be prepared on a "current value reporting" basis? I think this basis may also be referred to as "revalued cost reporting."

[Guest KristinaGK]

You know, I have been in this business a very long time and I can honestly say that I have never heard the term "revalued cost reporting".

The very nature of retirement plans and the 5500 series is such that one determines the value on the last day of the plan year and the next year one determines what happened to change the value since the last day of the prior year. It's not rocket science. It's like, cash, modified cash or accrual.

I think you may be confusing Trust Accounting with qualified plan accounting.

Do you say it is a DOL regulation because you know there is a DOL regulation??