Insurance

[Guest Achilles]

I have a plan where, in previous years, a Schedule A was filed.

This insurance still exists within the plan - I assume that it was, and is, an "asset of the plan" since the Schedule A was filed.

When I look at the Schedule I though, the balance in this insurance is not reflected within the balances in the Schedule I.

I was always under the impression that if it's an asset of the plan, then the balance would need to be included in the Schedule I.

Should this insurance balance have been included with the other mutual fund balances in the Schedule I?

Thank you.

[Bird]

I think insurance should be included, just like any other asset.

I've seen it excluded (and premiums were deducted as "expenses") but I don't think it's right.

[Guest AnnieP]

My understanding is that the cash surrender value of the policy is included as a plan asset on Schedule H or I.