Small Plan 5500 Sch I Q 4i re >20% assets in single security

[Beltane]

Have a profit sharing plan, small number of participants, who participate in a pooled arrangement. The investment pool is managed by an RIA who went to cash for most of December, 2012 and didn't reinvest the funds until about January 15, 2013.

Looking for confirmation on this, this being question 4i on the Schedule I regarding 'Did the plan at any time hold 20% or more of its assets in any single security..(etc)' should be answered Yes for the 2012 return AND the 2013 return. Everyone agree?

If so, would it behoove us to attach an explanation?

Thanks in advance.

[Jim Chad]

FWIW I would think no because cash is not a security.

[K2retire]

But is a money market fund a security? Most like they weren't actually holding dollar bills.

[BG5150]

But is a money market fund a security? Most like they weren't actually holding dollar bills.

Well, not rolls of bills. But many places have cash accounts that garner no interest or gains or losses (John Hancock comes to mind).

[Bird]

I think the answer is yes. I don't think they pay any attention to attachments and wouldn't bother. I'm sure I've answered that yes and don't remember it ever generating any kind of inquiries.