Change EOY Plan to BOY Plan

[jkdoll2]

In 2008 we went from a 12/31/08 EOY plan to a 1/1/08 BOY plan. How do you reflect this on the 5500 schedule I for assets and balances (small plan)?

Do you still use the 12/31/08 ending asset value on the 5500 - even though the valuation was based on asset values as of 1/1/08?

If you use 1/1/08 balances - you wouldnt have anything for earnings on the first year of BOY - since the 2007 5500 reflecting balances as of 12/31/07, correct?

Thanks

[WDIK]

Changing the actuarial valuation date does not change the method of reporting beginning and and of year assets on the Schedule I.

[mwyatt]

Note question on Schedule R on affirming change in actuarial cost method. The actuary should enclose as an attachment to the Schedule B a description of the change in actuarial cost method.