DB plan admin

[Gary]

Some small plan clients just provide year-end asset values and dates of contribution and not brokerage statements. They report if they have non qualified investments (and its details), but otherwise they just report asset values.

Of course the 5500 and Sch B can be prepared with this limited info; just no real accounting done.

Is it required for the TPA preparing the return to have the brokerage statements on hand?

Thanks.

[Blinky the 3-eyed Fish]

Required? No. A good idea to get brokerage statements IMO? Yes.

Not sure how you ever correctly completed either the EZ or 5500 without more accounting information than just EOY values. 2009 EZ no longer needs that info though.

Remember too you have to compute a ROR calculation to determine what the credit balances are. You will need more information than just EOY values for that.