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Posted

I am not too familiar with insurance contracts in retirement plans and hope someone can help me. The 5500 I am working on has an insurance contract with The Hartford. The Hartford provides schedule A information. They (The Hartford) also provide Schedule D information for all investments in the contract, so I"m assuming these investments are all PSAs. If I mark the funding arrangement on page 1 of the 5500 as "TRUST" and "INSURANCE", complete Schedule A and put the MV of the insurance contract as PSAs on schedule H, then I get and error message that there is a conflict between the funding arrangement "INSURANCE" and $0.00 assets in BOY and/or EOY on schedule H of Insurance General Account. IF PSAs are wrapped in (aren't they always?) an insurance contract, then which type of assets are they for Schedule H purposes.

Any help would be greatly appreciated.

Thanks.

Posted

Our software makles us put a zero in the general account line item, if we have a schedule a. It just won;t take null in that field.

This assumes of course that there is nothing in the gneral account (i.e., fixed interest accounts).

Austin Powers, CPA, QPA, ERPA

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