Stevo-PDX Posted April 11, 2012 Posted April 11, 2012 Just curious to see what anyone's opinion on this would be for the from 5500-SF: If a deposit is made to a trust account by the employer, TPA or investment advisor to make up for a trading error, would you report this as Contributions\Others (line 8a(3)) or Other Income (line 8b)? I guess it depends upon whether the we are reporting for the 5500 the actual trust earnings on the Other Income line or not. If we use actual trust earnings, then I think we would report the trade error as Contributions\Others.
K2retire Posted April 12, 2012 Posted April 12, 2012 Was it deposited as a contribution (following the plan's allocation formula) or as earnings (based on investments)?
Bird Posted April 12, 2012 Posted April 12, 2012 It sounds like an earnings adjustment to me (other income) - definitely not a contribution. Ed Snyder
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