Statement of Net Assets on Form 5310

[lalaland]

Form 5310, Line 21 requires a statement of net assets to pay benefits "as of the proposed date of plan termination or latest valuation date."

Does "latest valuation date" mean the latest valuation date that was performed, or does it mean latest date that will be performed? For example, could the Plan's last Form 5500 valuation by the latest valuation date, since it was the latest valuation date as of the filing? The Form 5310 Instructions do not provide clarification.

Thanks for any help.

[John Feldt ERPA CPC QPA]

I generally use the most recent valuation date that was available, but if the assets as of the date of plan termination are available, I prefer to report those amounts.

In some cases, we have submitted the 5310 prior to the actual date of plan termination or even on the date of plan termination, so you have no choice but to use the most recent valuation of assets for that type of submission.