Schedule SB, line 38

[Mister Met]

If minimum required contribtion (without regard to carryover/prefunding balance) = $100,000

and carryover balance = $20,000

and employer contributes $150,000 on a discounted basis

what is line 38, "interest-adjusted excess contributions"?

Is it $50,000, or $70,000? Or something else?

And wouldn't this be the same as 19c in many cases?

Thanks

[dmb]

If minimum required contribtion (without regard to carryover/prefunding balance) = $100,000

and carryover balance = $20,000

and employer contributes $150,000 on a discounted basis

what is line 38, "interest-adjusted excess contributions"?

Is it $50,000, or $70,000? Or something else?

And wouldn't this be the same as 19c in many cases?

Thanks

it sounds like line 38 would be $50,000. Line 19c would be the $150,000 (the actual discounted value of contribuitons for the plan year) which would be the same as line 37.

[Effen]

I agree as much as you can without any instructions.

I think what they want on line 38 is the amount that could be added to the PFB if the PA elects. In your example, that would be $50K.

Keep in mind if the PA wants to add the $50K to the PFB, they have to elect to do that before the due date of this 5500.

[AndyH]

I agree as much as you can without any instructions.

Great line! I'm going to remember that one. No doubt WDIK has already indexed and archived it for future reference.