Form 5500-EZ Questions

[soosil]

I've always worked on Form 5500's w/ the Schedule I and Schedule H. The 5500-EZ seems so basic that I'm worried I'm overthinking things so I have a question:

Would Fee's and Distributions for a Profit Sharing plan be reported on Line 7b of the Form 5500-EZ?

According to the IRS instructions Line 7b "Liabilities include but are not limited to benefit claims payable, operating payables, acquisition indebtedness, and other liabilities. Do not include the value of future distributions that will be made to participants."

Thank you to anyone who might help enlighten me.

[Bird]

No, you're not reporting any activity (income and expenses) besides contributions. It's definitely weird; no attempt to reconcile beginning and ending balances with activity.

[soosil]

Thank you, Bird.