SChedule C

[MBCarey]

If there is only one broker who receives TPA Fees of only 694.38, does this need to be reported on the Schedule C? And if so, is it only reported on Line 1 and not broken down? The instructions say anyone who receives over $5000.

[JanetM]

It would go on line 1, only fees $5,000 or more are detailed.

[BG5150]

If the only fees are 700 bucks, why do a C? I thought they were only done if the total fees were over 5 grand.

[WDIK]

The Form 5500 instructions support BG5150's thought.

Schedule C (Service Provider Information) – is required for a large plan, MTIA, 103-12 IE, or GIA if (1) any service provider who rendered services to the plan or DFE during the plan or DFE year received $5,000 or more in compensation, directly or indirectly from the plan or DFE, or (2) an accountant and/or enrolled actuary has been terminated.

[BG5150]

ooops...forgot about the accountant thing.

Yeah. We only do C's if there were mroe than $5k in fees or there was a change in accountant.

[Guest Ira Hayes]

Schedule C is required if (a) fees are not paid directly by plan sponsor (e.g., through a trust) and (b) at least one service provider paid at least $5,000 through trust or © enrolled actuary and/or accountant replaced.