RDY2RTR Posted November 1, 2010 Posted November 1, 2010 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.
austin3515 Posted November 2, 2010 Posted November 2, 2010 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
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now