SF Asset vs SB Asset

[retbenser]

Is there a difference between 5500-SF Line 7 assets (boy) and Schedule SB line 2 assets?

[mwyatt]

If receivable contributions are made after plan year end, then these figures should be different (SB number should be smaller). Now required to discount contributions made after plan year end to beginning of plan year using prior year Effective Interest Rate. This first impacted 2009 valuations.

[My 2 cents]

The two are no longer linked.

How receivables are handled on the SF depends on whether asset reporting is on a cash or accrued basis. If the former, ignore the receivable as an asset entirely. If the latter, add the full dollar amount of the receivable contribution.

On the SB, always include any applicable receivables (this has always been the case), but now they must be discounted back.

If there are no receivables, they would probably be the same.