Schedule I Small Plan Reporting

[Guest mhmarino]

When filing the Form 5500, Schedule I {Financial Information - Small Plan}, is it just the PSP's primary account held at the financial institution that is being reported on or should the reporting also include all sub-accounts which are individual participant accounts with investments directed by the participants and account statements from the financial institutions provided directly to the participant?

[ETA Consulting LLC]

You should report all plan assets, including those in Self Directed Brokerage Accounts that are part of the plan. Keep in mind that those individual accounts are still part of the plan and subject to all plan rules (i.e. distribution availability). While particpants my typically direct investment line-up, they would typically need the plan's trustee (or some authorized signor) to authorize a distribution from those accounts.

Good Luck!