Reading 5500's

[Guest mcarlson]

I spend alot of time looking at 5500's on Freeerisa.com. Can anyone give me any tips as to what to look for on these plans. I am new to marketing 401K and other qualified plans and would appreciate any insight to looking at the filed 5500's. For instance, someone told me to look at the code on the 5500 and make sure that they had a 2A and a 2F. They really didn't tell me why.

I see alot of plans that distributed all assets during a year, but didn't check the termination box. What's up with that.

On schedule I, what is the other income usually comprised of. Is it rollovers or what?

I thank you in advance for any help and insights.

Mike

[WDIK]

You might start by reviewing the instructions to the Form 5500. These can be obtained at this IRS website.

[GBurns]

What are you hoping to find that would help you in selling 401(k) plans that you think that you will find by looking at F5500 without first having something to follow ( a specific purpose)?