Plan assets and cash value

[retbenser]

Do you include life insurance cash value (or cash surrender value) as assets in Form 5500 (e.g. Line 7 of Form 5500-SF)?

Thanks for all responses.

[SoCalActuary]

Usually, yes, if the policy is owned by the plan, and the contract is not a complete settlement, "irrevocable commitment" or similar treatment, like a terminal annuity purchase.