Schedule of Assets Held for Investment Purposes

[Guest moltengater]

My 401(k) plan is a large plan filer. All of my plan's assets are participant directed and held in 20 pooled seperate accounts at an insurance company in a group contract.

Do I have to check line 4i "YES" - I have assets held for investment purposes?

If I check yes and fill out the schedule - would I list each indivdual fund on the schedule or can I aggregate all the funds and list them as XYZ Insurance Company PSA?

Also, can you tell me is the insurance company a "Party-In-Interest"?

I think I need to complete the schedule but I am not certain what they mean by party-in-interest with respect to the schedule. The investment of the assets in the insurance company is not a prohibitted transaction, is it? Why would I indicate "party-in-interest?"

Just not sure what this is referring too or what is trying to accomplish by indicating or not indicating "Party-In-Interest."

Any help would be greatly appreciated.

[Guest Ira Hayes]

The instructions for Form 5500 Schedule G define "party-in-interest. The instructions for Form 5500 Schedule H answer the rest of your questions.

[Guest Lawrenceg]

You need to list each fund separately with the market balance from the year end. If your plan allows for loans, you'll need to list them (single category)as well. If there are any self directed brokerage accounts you can combine them and list them as a group as long as you enter the correct code on Form 5500 Section 8. Additionally, some auditors have reuested that an additional line item be entered for receivables.