small plan Audit Waiver checked on From 5500-SF & Regulated Financial Institution on SAR / AFN

[AdKu]

On of my client administers  a small plan and files From 5500-SF.

Therefore, a check mark was put for the last section of Part II - Section 6(b) of the Form 5500-SF that asks whether the plan calims small plan audit waiver.

On the SAR and AFN, there is a similar question about whether the plan claims a small plan audit waiver. 

 

One of my co-worker is telling me it is not required to list the names and amounts of the publicly traded mutual funds that the plan asset is invested in those regulated financial institution.

 

Don't I have to list the names of the regulated financial institution , for instance WellsFargo Government Securities, and the amount were the plan asset is invested on the SAR and AFN?

[Lou S.]

You list the financial institution(s) that hold the funds and the aggregate amount held by those institutions on the SAR. You don't have to list the individual assets.

On the AFN I'm pretty sure you list them by the various asset classes listed.

[BG5150]

Asked and answered here.