austin3515 Posted July 7, 2011 Posted July 7, 2011 Plan is invested in a custodial account with Fidelity and therefore there is no trust, and no trustee. What do I indicate the funding arrangement as on the 5500? My only choices are Insurance, Trust and some crazy insurance thing I've never heard of... Why isn't "custodial accounts" an option? Austin Powers, CPA, QPA, ERPA
Kevin C Posted July 7, 2011 Posted July 7, 2011 The instructions for line 9 say for custodial accounts under 403(b)(7) to mark trust for both plan funding arrangement and plan benefit arrangement. look for the paragraph that starts "Trust".
austin3515 Posted July 7, 2011 Author Posted July 7, 2011 Oh right, because it would have taken SO much extra effort to write Trust or Custodial Accounts??? When they say Active Participants on 6a should I read the instructions to make sure it doesn't also include terminated people too??? I suppose I shouldnt complain too much, I got my question answered. Austin Powers, CPA, QPA, ERPA
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