Master Trust

[justbsur]

Two plans participate in a Master Trust. Each plan has a 5500 filing obligation, as does the Master Trust. For simplicity sake, let's assume ALL plan assets are invested in the Master Trust.

How should fees be reported? Are all the fees reflected on ONLY the master trust filing's Schedule H and Schedule C? This would mean that, for the individual plans, only beginning balance, ending balance and "Net investment gain/loss from the Master Trust". This net gain/loss would take into account all fees, so the 5500's (Sch H and Sch C) for the individual plans themselves would not reflect any fees. Actually, a Schedule C would not even be required to be filed for individual plans. Is this correct? Thanks for your help!!