Schedule R

[Guest Jstriley]

For a profit sharing plan that is not subject to minimum funding rules, is a schedule R required? I believe the answer to this question is maybe... So, with the additional information that a trust company pays the distributions and uses their EIN on 1099Rs, then is the Schedule R required?

I believe it is required because the EIN used does not belong to the plan sponsor or plan administrator( based on the ERISA outline book and the Schedule R instructions). The real question being asked is about the reference to "pension plans" in the instructions. Is "pension plans" intended to include all retirement plans (Pension vs. Welfare) or actual pension plans (defined benefit type plans)?

I would like to know what other pension professionals think on this issue please.

Thanks,

Jodie

[Andy the Actuary]

Once saw a profit sharing plan that "defined" the contribution as a percentage of before-tax net income.