Cancel bond a reportable transaction?

[ombskid]

This came from an auditor. Is the cancellation of the bond in a terminating plan that still has assets and 100+ participants a reportable transaction? I only find reference to transactions that are a percentage of assets.

[Guest Dell]

It is not a "reportable transaction" for 5500 Sch H line 4j or the related schedule that gets attached, which is what you seem to be refering to.

There is another question on the same page that would have to disclose that the bond was not in place. That may be what they are refering to.

It is possible that the auditor is considering whether this should be disclosed in the financial statements also.