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Contributions Funded Through Forfeiture (Schedule I Question)


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Posted

I think I'm just having a "moment", but here's the situation:

Employer Funded an $80,000 Contribution

$79,000 Receivable

$1,000 used from Forfeiture

In theory that $1,000 is already in the Plan, but what do we show as the contribution amount on the Schedule I?

Posted

Cash

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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