5500SF - lines 8f & 10e

[Cathy from Chicago]

Plan uses group annuity (John Hancock) as funding vehicle - are the commissions paid to the broker included both on questions 8f & 10e? Secondly, Hancock's annual 5500 Sch A report which gives the commission total also shows a $43 contract admin fee deducted from the guaranteed interest account, yet the annual balance sheet on the administrators report shows $740 as the contract admin fee - is only the $740 considered towards total on 8f? This is my first attempt completing the filing using EFAST! thanks for any assistance you can give!

[blue]

Go to the John Hancock plan sponsor website - they have two webcast explaining how to complete 5500 using John Hancock information - Janice Wiggins is the moderator.

[goldtpa]

I have read the instructions and asked the same question myself. However the instructions for 8f say

"The amount to be reported for expenses involving administrative service providers (salaries, fees, and commissions) include the total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) by the plan for

1. Salaries to employees of the plan;

2. Fees and expenses for accounting, actuarial, legal, investment management, investment advice, and securities brokerage services;

3. Contract administrator fees; and

4. Fees and expenses for individual plan trustees, including reimbursement for travel, seminars, and meeting expenses."

Thus only fees go on 8F.

The commissions paid to the broker go on 10e.