Do you count receivables in the Sched I Line 4i calc?

[AlbanyConsultant]

I thought I knew this until someone asked me directly...

If you count the receivables in the BOY amount to determine the 20% threshhold, then (usually) you'll get a higher amount and thus a higher limit, so you may have less assets to report. But it seems sort of disingenuous to inflate the number that way, and so maybe that calculation is meant to be done on the actual cash assets at BOY.

I can't find anything definitive to support it either way, so any direction is appreciated!

[Bird]

I don't know that you'll find anything definitive. I just do the calculation consistent with the way I'm reporting the assets - cash or accrual (I always do accrual).

I don't think they do anything with the info anyway so I wouldn't worry about it too much.

[WDIK]

I don't think they do anything with the info anyway

At least one article lists a lack of diversity in plan assets as an item that may trigger an examination by the IRS.

While I doubt that information on Form 5500 showing an asset near the 20% threshhold would raise many eyebrows, that information, combined with other factors certainly may increase scrutiny of the return.

I do concur with Bird that it doesn't seem like you have much to worry about based on the information provided in your post.