5500 Line 7b

[doombuggy]

Line 7b says "retired or seperated participants receiving benefits." For a 401(k) plan, does this mean we should be listing only those people who are recieving annuity payments? If a person is retired or seperated, has an account in the plan, but has not taken a distribution, shouldn't they be listed on the next line, 7c? (other retired or seperated participants entitled to future benefits).

I ran a 5500 Count report on Relius and it is plugging numbers into both lines, but I think they should only be on line 7c, as this plan does not have annuity payments.

Your thoughts? Thanks!

[maverick]

The numbers might be in block 7b because a terminated participant took a partial distribution (not necessarily an annuity). We don't use Relius, but out software does the same thing.