Termination of multiemployer plan; where to report on Form 5500 the asset reversion to the employers?

[Guest cease]

I am reviewing a Form 5500 for a multiemployer holiday fund that terminated. At the termination, excess assets were reverted back to the participating employers. On the Schedule H, where should the reversion amount go?

[Guest Cindyd]

It's my understanding that a reversion of assets is not allowed in a multiemployer plan. You might want to cross-post your question to the multiemployer forum.

[Guest cease]

If it is determined that the reversion to the participating employers is a disqualified benefit, of which each employer is subject to a tax equal to 100% and the amounts are paid from the trust, how are these payments reported on the Form 5500 Schedule H? I understand that this amount is reported on under item 5a, but where would this be reported on the income/expense section, so that the fund balances to 0?

Always appreciate any feedback. Thanks again.