Schedule C - Question 2 (c)

[Guest Janiele]

With regards to Question 2 © on the Schedule C,

"Element ©. Enter any relationship of the person identified in element (a) to the plan sponsor, to the participating employer or employee organization, or to any person known to be a party-in-interest, for example, employee of employer, vice-president of employer, union officer, affiliate of plan, recordkeeper, etc"

When you disclose your firm (if your firm was paid $5,000), are you answering this question "none" or are you giving the relationship such as "record-keeper"? We want to answer this question correctly since third party administrators and investment advisors can be/are "parties-in-interest" but don't want to unduly put ourselves on an DOL audit list. Assume no ownership/relationship between plan sponsor and third party administrator other than providing administrative services. Thanks