5500-SF Line 8F

[Guest toddsander]

I am looking for clarification on what to include on Line 8F of 5500-SF. Please help.

Specificailly wondering about:

-direct payments (checks written from company's checking account to the TPA)??

-revenue sharing payments sent to the TPA from the fund company??

-any broker compensation (paid by the fund company)??

Please help!

[Cathy from Chicago]

I'm with you on this question - other than commissions paid by brokerage firms and manual calculations for R shares for American Funds (which include broker comp) and TPA quarterly revenue sharing payments, our group annuity providers will not give specific expense information - I honestly don't think any one has a clue how to answer 8f. I called EFAST2 for assistance - they didn't know but left a message for the accounting dept of DOL to call me - they never returned the call. Asked customer rep at John Hancock if contract admin charge shown on Employer's annual Balance Sheet was the number to use - he referred me to the IRS as said he wasn't sure so was referring all questions on 8f to the IRS. Asked Securian (MN Life) using one plan as an example - was told approx. $170 - seemed too low so asked another rep who gave me an expense breakdown for same plan - expense calculated using their formula for that specific plan was $17,000!

I have not been putting in our TPA annual valuation fee unless it was paid out of the Plan. It'd be great if someone somewhere could and would provide a specific answer for completing 8f.

I am looking for clarification on what to include on Line 8F of 5500-SF. Please help.

Specificailly wondering about:

-direct payments (checks written from company's checking account to the TPA)??

-revenue sharing payments sent to the TPA from the fund company??

-any broker compensation (paid by the fund company)??

Please help!

[Bird]

We've being reporting identifiable fees. So for John Hancock, we use the contract admin charge on the income statement they provide. For American Funds, if recordkeeping fees are waived, we don't report anything.

Don't report payments by the sponsor to a service provider; it says fees paid by the plan.