Master Trust and Brokerage accounts

[Guest LuannJ]

Under a Master Trust filing, are self-directed brokerage assets reported as part of the master trust or the individual plan? There seems to be one argument that these should be treated like loans and reported under the separate plans; while the other side argues they should be under the master trust 5500. Would it depend on the structure? In some cases, the brokerage assets for a single participant could be made up of assets from two or more plans within the master trust, and be very difficult to segregate by individual plan.

[jquazza]

Are the brokerage accounts registered in the name of the master trust, if yes, then they are part of it.