Schedule H and Conversion Balances

[pitkofsky]

Do assets converted from prior providers during the reporting period get reported at their 'carrying values' as 'beginning of year' assets in Part 1 of Schedule H? Or are they excluded as are current year contributions?

[Lou S.]

Are the assets coming due to a plan merger?

Or did the plan simply change investment platforms?

[pitkofsky]

The plan has a new self-directed brokerage option and has converted assets to this option mid-year

..we are reporting Schedule H from the perspective of the self-directed brokerage option

[Lou S.]

You will need to report the flow of assets from BOY to EOY for the Plan.

The assets are assets of the plan at BOY and have simply moved to a new investment.

Somehow, you or someone else will need to reconcile the flow for the full year.

[pitkofsky]

Thanks much, Lou..so those responsible for these assets at the beginning of the year will have the BOY balance and we have the EOY balance so our posting of a BOY balance equal to the conversion balance would not be needed..the administrator would be responsible for putting these together..Thanks.