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Posted

Ok - I know this has more than likely been asked/answered but I haven't found the thread(s)...

TPA direct compensation is reported on both the Schedule H and the Schedule A. Does that also need to be reported on the Schedule C if it is over $5,000?

I thought not at first but rereading the instructions for Schedule C it states in part, "Persons whose only compensation in relation to the plan consists of insurance fees or commissions listed in a Schedule A filed for the plan" do not have to be reported again on Sch C.

I think I'm getting tripped up because these are admin fees and not "insurance fees or commissions".

Thanks in advance for any comments....

Posted

If not explicitly of the kind of expense exempted from Schedule C reporting, what could go wrong if the fees were reported on Schedule C?

Always check with your actuary first!

Posted

Thanks My 2 - my inclination was to put them on there. This plan has a very particular accounting firm that does the annual audit for the Schedule H and I wanted to be sure I was putting the information in all the correct places. I suppose more reporting is better than less reporting. :)

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