Life insurance death benefit - Schedule I reporting

[Belgarath]

I received a question today, for which I'm uncertain of the answer. Wondered if any of y'all have run into this.

Small plan has life insurance on a participant. Participant dies. Insurance proceeds are paid to the plan, deposited into participant's account, and subsequently distributed to participant's beneficiary.

How do you account for this on the Schedule I? Is it considered a "noncash contribution" on the Line 2b? I wouldn't think so, but it doesn't seem to "fit" any category. I believe it would all be reported as a distribution on Line 2e, but I'm having trouble figuring out where the death proceeds paid to the plan should be reported. On line 2c?

Thanks.

[Bird]

I think it's coming in as other income on 2c and going out as benefits paid on 2e.

[Belgarath]

Thanks. That's what I had decided, but it sure is nice to have someone else agree!