Schedule C with or without Schedule H

[Guest anagpal]

Q1. Can we file Schedule C for welfare plan if there is no Schedule H?

Q2. Can we file Schedule C for pension plan if there is no Schedule H?

I think No for the second question. Please confirm this.

Kindly suggest for the first question.

[JanetM]

UMMMMMM. How can you file a C without an H? Are you saying the plan sponsor pays expenses.

Think you are misunderstanding the purpose of the C. Schedule C is to list who was paid from PLAN assets (trust). If you have no plan assets you can't very well pay someone.

[Guest anagpal]

if the plan is funded only thru insurance & plan pays insurance premium, not necessarily from plan assets as plan doesn't have any assets but insurance premium is paid then who bears the cost of premiums?

and moreover the fees is also paid to service providers....then who paid the fees if not the plan sponsor...........then do we file sch c?

[JanetM]

No, payments for insurance premiums and commissions are on Schedule A. Sounds like fully insured welfare plan. If all your benefits are fully insured by insurance policy(s) and you are paying premiums and commissions then you will file the 5500 and then as many schedule As as it takes to have one per provider.

[Guest anagpal]

besides Sch A's info if we also have fees paid to third parties, then where to show such info in annual returns 5500? on Sch C or ??

[david rigby]

...we also have fees paid to third parties...

Did the Plan pay these expenses? The C is to report expenses paid by the plan, not by the plan sponsor.

[Guest anagpal]

If the plan is funded thru general assets of the plan sponsor and and paying the fees to third parties. Then do we need to report the same on sch C?

[JanetM]

No. Not if paid from sponsor assets.