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Altman & Cronin Benefit Consultants, LLC
Mar. 23, 2010
3 pages. Excerpt: For reporting on Schedule C, plan sponsors will need to (1) identify each recipient of $5,000 or more in direct or indirect compensation, and the total direct compensation received by such recipient during the year; and (2) list the amount of indirect compensation paid to such provider or state that the provider received eligible indirectcompensation ('EIC'). The plans sponsor will also have to identify the relationship of any such service provider to the plan sponsor, a participating employer or to any other person who is a party in interest as defined under ERISA.
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