PLAN EXPENSES

[Guest mk2308]

CAN PLAN EXPENSES BE SHOWN AS A PAYABLE FROM THE PLAN (INCURRED BUT NOT YET PAID)?

[WDIK]

The 2005 Schedule H instructions indicate that you should "nclude the total fees paid (or in the case of accrual basis plans costs incurred during the plan year but not paid as of the end of the plan year)..."

[Guest mk2308]

So are you saying that we can accrue plan expenses, even for small plans?

[WDIK]

The 2005 Schedule I instructions define entries for line 2h by stating "[o]ther expenses (paid and/or payable) may include..." [emphasis added]