Chippy Posted June 22, 2012 Posted June 22, 2012 On what line of the Sch. I should the insurance premiums paid from the plan be included?
ETA Consulting LLC Posted June 22, 2012 Posted June 22, 2012 Technically, since the insurance policy is a part of the plan, insurance premiums (paid to the policy) do not represent amounts leaving the plan. If anything, it a transfer from one asset (cash) to another (the insurance contract). Expenses within the contract would be considered expenses to the plan; since the contract is owned by the plan. Not sure how this would affect what you're trying to do. Good Luck! CPC, QPA, QKA, TGPC, ERPA
Bird Posted June 22, 2012 Posted June 22, 2012 ...unless it happens to be term insurance; then I'd put it under other. Ed Snyder
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