Form 5500 Schedule D

[Guest Nanetta45]

I have a client (files the Schedule I) that has it assets held with a collective trust (CCT). My question is do they need to file a Schedule D for 2008 (more than 25 participants in the Plan)? Everything I read about the Schedule D is conflicting on where or not it needs to be files for a small plan and CCT.

[Laura Harrington]

I have a client (files the Schedule I) that has it assets held with a collective trust (CCT). My question is do they need to file a Schedule D for 2008 (more than 25 participants in the Plan)? Everything I read about the Schedule D is conflicting on where or not it needs to be files for a small plan and CCT.

The Form 5500 instructions have a portion that lists what forms a small pension plan may be required to file. Schedule D is on this list.

Here is a link to the instructions. See pg 9. http://www.irs.gov/pub/irs-pdf/i5500.pdf

Laura

[BG5150]

I have a client (files the Schedule I) that has it assets held with a collective trust (CCT). My question is do they need to file a Schedule D for 2008 (more than 25 participants in the Plan)? Everything I read about the Schedule D is conflicting on where or not it needs to be files for a small plan and CCT.

The Form 5500 instructions have a portion that lists what forms a small pension plan may be required to file. Schedule D is on this list.

Here is a link to the instructions. See pg 9. http://www.irs.gov/pub/irs-pdf/i5500.pdf

Laura

On a side note (I know the OP said the plan has more than 25 participants): If a plan has less than 25 participants at the beginning of the year, it optionally file only certain forms, and schedule D is one of the forms which DOESN'T have to be filed. There are more conditions as to whether a plan can use the "Voluntary Reporting Option."

You can read about it on p. 9 of the 2008 instructions so thoughtfully linked above.

But in this case, I think you are out of luck: a schedule D is needed.