5500 SF asset vs Schedule SB asset

[retbenser]

Is there any difference between SF line 7 (boy) asset and SB line 2 asset?

[My 2 cents]

Receivable contributions are treated differently.

Form 5500-SF: If the plan is an accrual basis plan, include the cash amount of the receivable contribution. It would not be discounted back to the end of the year to which it applies. If the plan is not an accrual basis plan, receivable contributions are ignored.

Item 2 a and b of the Schedule SB: Both items will always include any receivable contributions discounted back to the end of the plan year to which they apply.

When there are receivable contributions, neither item 2a nor item 2b of the Schedule SB will ever match what is shown in the 5500-SF (or the 5500 Schedule H) as assets because of the discounting needed for the SB entries.