Schedule R

[Guest Bearlee]

Sorry for this basic question.

Parallel PSP and MPP that have been frozen and in the process of being terminated - rollovers clearing out the plans were distributed in 2007 leaving the plans with zero balances.

Schedule R still must be filed?

[WDIK]

My recollection is that the Schedule R would need to be filed, if for no other reason than to report the distribution information [i.e. tax id number, in-kind contribution amount, etc.]

[Bird]

Yes, Schedule R is required for distributions, including rollovers.

[VincentBocchinfuso CPC]

Is Schedule R required even if there are no distributions in the plan year?

[JanetM]

The form is also used for coverage and funding of DB plans. If you are DC plan you still have to mark line 9.

[WDIK]

From the Form 5500 instructions:

A pension plan is exempt from filing Schedule R if each of the following four conditions is met:

● The plan is not a defined benefit plan or otherwise subject to the minimum funding standards of Code section 412 or ERISA section 302.

● No in-kind distributions reportable on line 1 of Schedule R were distributed during the plan year.

● No benefits were distributed during the plan year which are reportable on Form 1099-R using an EIN other than that of the plan sponsor or plan administrator.

● In the case of a plan that is not a profit-sharing, ESOP or stock bonus plan, no plan benefits were distributed during the plan year in the form of a single sum distribution.