Loan reporting on accompanying schedules for Form 5500

[Guest tcurtisashley]

We have a plan we are currently auditing. The client used to work at a large CPA firm and is telling us that the participant loans for the trustee must be broken out and reported separately from all the other participant loans on the schedules to be filed with the Form 5500. We have never done that and it doesn't seem logical if the trustee loan is done according to the plan's loan policy and the trustee is subject to all the same rules as all other participants (no prohibited transaction type action).

What are everyone else's thoughts and do you have a reference you can point me to? I am sure this person will not believe us without proof.

Thanks!