PBGC form 501 - how to reflect excess assets

[Jakyasar]

Hi

First time doing a PBGC termination with excess assets being transferred to a qualified replacement plan - QRP. Just cannot seem to figure out the following:

Here is a breakdown

All participants:                          $3,000,000 - all rolled over to the QRP - existing DC plan - not relevant if consensual or not

Excess (overfunded portion):   $   300,000 - transferred to the QRP

Total DB distribution:                $3,300,000 - all to QRP

How do you show the $300,000 on 501?

Thank you

[CuseFan]

As far as PBGC is concerned it's a reversion of excess assets to the plan sponsor. The transfer to the QRP to avoid taxation/excise tax is an IRS concern and not relevant to the 501.

[Jakyasar]

I agree on that. So not reflected on the form as far as I can tell? It was provided on the 500 initially.