Instructions for Form 5500 |
2006 Tax Year |
This is archived information that pertains only to the 2006 Tax Year. If you are looking for information for the current tax year, go to the Tax Prep Help Area.
A return/report must be filed every year for every pension benefit plan, welfare benefit plan, and for every entity that files
as a DFE as
specified below (Code section 6058 and ERISA sections 104 and 4065).
All pension benefit plans covered by ERISA are required to file a Form 5500 except as provided in this Who Must File section. The
return/report is due whether or not the plan is qualified and even if benefits no longer accrue, contributions were not made
this plan year, or
contributions are no longer made. Pension benefit plans required to file include both defined benefit plans and defined contribution
plans.
The following are among the pension benefit plans for which a return/report must be filed:
-
Profit-sharing, stock bonus, money purchase, 401(k) plans, etc.
-
Annuity arrangements under Code section 403(b)(1).
-
Custodial accounts established under Code section 403(b)(7) for regulated investment company stock.
-
Individual retirement accounts (IRAs) established by an employer under Code section 408(c).
-
Pension benefit plans maintained outside the United States primarily for nonresident aliens if the employer who maintains
the plan
is:
-
a domestic employer, or
-
a foreign employer with income derived from sources within the United States (including foreign subsidiaries of domestic employers)
if
contributions to the plan are deducted on its U.S. income tax return. For this type of plan, enter 3A on Form 5500, Part II,
line 8a.
-
Church pension plans electing coverage under Code section 410(d).
-
Pension benefit plans that cover residents of Puerto Rico, the U.S. Virgin Islands, Guam, Wake Island, or American Samoa.
This includes a
plan that elects to have the provisions of section 1022(i)(2) of ERISA apply.
-
Plans that satisfy the Actual Deferral Percentage requirements of Code section 401(k)(3)(A)(ii) by adopting the "SIMPLE" provisions
of
section 401(k)(11).
See What To File on page 7 for more information about what must be completed for pension plans.
Special Rules for Certain Plans of Partnerships and Wholly Owned Trades or Businesses
A plan that provides deferred compensation solely for (1) an individual or an individual and his or her spouse who wholly own a trade or
business, whether incorporated or unincorporated; or (2) partners or the partners and the partners' spouses in a partnership may generally
file Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan, rather than a Form 5500, provided that the
plan:
-
Satisfies the minimum coverage requirements of Code section 410(b) without being combined with any other plan maintained by
the
employer;
-
Does not cover a business that is a member of a "controlled group"; and
-
Does not cover a business for which leased employees (as defined in Code section 414(n)(2)) perform services.
A plan that fails to meet any of the above conditions must file Form 5500 rather than Form 5500-EZ. A plan that meets all
of the above conditions
is exempt from filing the Form 5500-EZ if the plan (and any other plans of the employer) had total assets of $100,000 or less
at the end of every plan
year beginning on or after January 1, 1994.
For this purpose, a "controlled group" is a controlled group of corporations under Code section 414(b), a group of trades
or businesses under
common control under Code section 414(c), or an affiliated service group under Code section 414(m) that includes the business
of the owner or partner
covered by the plan.
When filing Form 5500 for a plan described in Special Rules for Certain Plans of Partnerships and Wholly Owned Trades or Businesses,
enter code 3G on Part II, line 8a.
Do Not File A Form 5500 For A Pension Benefit Plan That Is Any Of The Following:
-
An unfunded excess benefit plan. See ERISA section 4(b)(5).
-
An annuity or custodial account arrangement under Code section 403(b)(1) or (7) not established or maintained by an employer
as described in
DOL Regulation 29 CFR 2510.3-2(f).
-
A Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) that involves SIMPLE IRAs under Code section 408(p).
-
A simplified employee pension (SEP) or a salary reduction SEP described in Code section 408(k) that conforms to the alternative
method of
compliance in 29 CFR 2520.104-48 or 2520.104-49.
-
A church plan not electing coverage under Code section 410(d).
-
A pension plan that is a qualified foreign plan within the meaning of Code section 404A(e) that does not qualify for the treatment
provided
in Code section 402(e)(5).
-
An unfunded pension plan for a select group of management or highly compensated employees that meets the requirements of 29
CFR 2520.104-23,
including timely filing of a registration statement with the DOL.
-
An unfunded dues financed pension benefit plan that meets the alternative method of compliance provided by 29 CFR 2520.104-27.
-
An individual retirement account or annuity not considered a pension plan under 29 CFR 2510.3-2(d).
-
A governmental plan.
All welfare benefit plans covered by ERISA are required to file a Form 5500 except as provided in this Who Must File section. Welfare
benefit plans provide benefits such as medical, dental, life insurance, apprenticeship and training, scholarship funds, severance
pay, disability,
etc.
See What To File on page 7 for more information.
Reminder:
The administrator of an employee welfare benefit plan that provides benefits wholly or partially through a Multiple Employer
Welfare Arrangement
(MEWA) as defined in ERISA section 3(40) must file a Form 5500, unless otherwise exempt.
IRS Notice 2002-24 does not suspend the filing of Form 5500 or any required schedules for a welfare plan subject to Title
I of ERISA. Welfare plans
that are associated with fringe benefit plans must file the Form 5500 in accordance with the Welfare Benefit Plan Filing Requirements on
page 9, unless they are exempt as specified below. Welfare plans for which a Form 5500 must be filed may be eligible for limited
filing requirements.
See the limited reporting requirements for unfunded, fully insured or combination unfunded/insured welfare plans on page 9.
Do Not File A Form 5500 For A Welfare Benefit Plan That Is Any Of The Following:
-
A welfare benefit plan that covered fewer than 100 participants as of the beginning of the plan year and is unfunded, fully
insured, or a
combination of insured and unfunded.
Note.
To determine whether the plan covers fewer than 100 participants for purposes of these filing exemptions for insured and unfunded
welfare plans,
see instructions for lines 6 and 7 on counting participants in a welfare plan. See also 29 CFR 2510.3-3(d).
Note.
A "voluntary employees' beneficiary association," as used in Code section 501(c)(9) ("VEBA"), should not be confused with
the employer or employee
organization that sponsors the plan. See ERISA section 3(4).
-
An unfunded welfare benefit plan
has its benefits paid as needed directly from the general assets of the employer or employee
organization that sponsors the plan.
Note.
Plans that are NOT unfunded include those plans that received employee (or former employee) contributions during the plan
year and/or used a trust
or separately maintained fund (including a Code section 501(c)(9) trust) to hold plan assets or act as a conduit for the transfer
of plan assets
during the year. However, a welfare plan with employee contributions that is associated with a fringe benefit plan under Code
section 125 may be
treated for annual reporting purposes as an unfunded welfare plan if it meets the requirements of DOL Technical Release 92-01,
57 Fed. Reg. 23272
(June 2, 1992) and 58 Fed. Reg. 45359 (August 27, 1993).The mere receipt of COBRA contributions or other after-tax participant
contributions (e.g.,
retiree contributions) by a cafeteria plan would not by itself affect the availability of the relief provided for cafeteria
plans that otherwise meet
the requirements of DOL Technical Release 92-01. See 61 FR 41220, 41222-23 (Aug. 7, 1996).
-
A fully insured welfare benefit plan
has its benefits provided exclusively through insurance contracts or policies, the premiums
of which must be paid directly to the insurance carrier by the employer or employee organization from its general assets or
partly from its general
assets and partly from contributions by its employees or members (which the employer or employee organization forwards within
3 months of receipt).
The insurance contracts or policies discussed above must be issued by an insurance company or similar organization (such as
Blue Cross, Blue Shield or
a health maintenance organization) that is qualified to do business in any state.
-
A combination unfunded/insured welfare plan
has its benefits provided partially as an unfunded plan and partially as a fully
insured plan. An example of such a plan is a welfare benefit plan that provides medical benefits as in a above and life insurance benefits
as in b above. See 29 CFR 2520.104-20.
-
A welfare benefit plan maintained outside the United States primarily for persons substantially all of whom are nonresident
aliens.
-
A governmental plan.
-
An unfunded or insured welfare plan for a select group of management or highly compensated employees which meets the requirements
of 29 CFR
2520.104-24.
-
An employee benefit plan maintained only to comply with workers' compensation, unemployment compensation, or disability insurance
laws.
-
A welfare benefit plan that participates in a group insurance arrangement that files a Form 5500 on behalf of the welfare
benefit plan as
specified in 29 CFR 2520.103-2. See 29 CFR 2520.104-43.
-
An apprenticeship or training plan meeting all of the conditions specified in 29 CFR 2520.104-22.
-
An unfunded dues financed welfare benefit plan exempted by 29 CFR 2520.104-26.
-
A church plan under ERISA section 3(33).
-
A welfare benefit plan solely for (1) an individual or an individual and his or her spouse, who wholly owns a trade or business,
whether incorporated or unincorporated, or
(2) partners or the partners and the partners' spouses in a partnership. See 29 CFR 2510.3-3(b).
Direct Filing Entity (DFE)
Some plans participate in certain trusts, accounts, and other investment arrangements that file the Form 5500 as a DFE in
accordance with the
Direct Filing Entity (DFE) Filing Requirements on page 10. A Form 5500 must be filed for a master trust investment account
(MTIA). A Form 5500 is not required but may be filed for a common/collective trust (CCT), pooled separate account (PSA), 103-12
investment entity
(103-12 IE), or group insurance arrangement (GIA). However, plans that participate in CCTs, PSAs, 103-12 IEs, or GIAs that
file as DFEs generally are
eligible for certain annual reporting relief. For reporting purposes, a CCT, PSA, 103-12 IE, or GIA is not considered a DFE unless a Form
5500 and all required attachments are filed for it in accordance with the Direct Filing Entity (DFE) Filing Requirements.
Note.
Special requirements also apply to Schedules D and H attached to the Form 5500 filed by plans participating in MTIAs, CCTs,
PSAs, and 103-12 IEs.
See the instructions for these schedules.
Plans and GIAs.
File 2006 return/reports for plan and GIA years that began in 2006. All required forms, schedules, statements, and
attachments must be filed by the
last day of the 7th calendar month after the end of the plan or GIA year (not to exceed 12 months in length) that began in
2006. If the plan or GIA
year differs from the 2006 calendar year, fill in the fiscal year beginning and ending dates on the line provided at the top
of the form.
DFEs other than GIAs.
File 2006 return/reports no later than 9½ months after the end of the DFE year that ended in 2006. A Form 5500 filed
for a DFE must
report information for the DFE year (not to exceed 12 months in length). If the DFE year differs from the 2006 calendar year,
fill in the fiscal year
beginning and ending dates on the line provided at the top of the form.
Short Years.
For a plan year of less than 12 months (short plan year), file the form and applicable schedules by the last day of
the 7th month after the short
plan year ends. Fill in the short plan year beginning and ending dates on the line provided at the top of the form and check
box B(4) in Part I. For
purposes of this return/report, the short plan year ends on the date of the change in accounting period or upon the complete
distribution of assets of
the plan. Also see the instructions for Final Return/Report on page 6 to determine if box B(3) should be checked.
Notes.
(1) If the filing due date falls on a Saturday, Sunday, or Federal holiday, the return/report may be filed on the next day that
is not a
Saturday, Sunday, or Federal holiday. (2) If the 2006 Form 5500 is not available before the plan or DFE filing due date, use the 2005 Form
5500 and enter the 2006 fiscal year beginning and ending dates on the line provided at the top of the form.
Extension of Time To File
A plan or GIA may obtain a one-time extension of time to file Form 5500 (up to 2½ months) by filing Form 5558,
Application for Extension of Time To File Certain Employee Plan Returns, on or before the normal due date (not including any
extensions) of the
return/report. You MUST file Form 5558 with the IRS.
Approved copies of the Form 5558 will not be returned to the filer. However, a photocopy of the completed extension request
that was filed must be
attached to the Form 5500. (See Section 3: Where To File.)
File Form 5558 with the Internal Revenue Service Center, Ogden, UT 84201-0027.
Using Extension of Time To File Federal Income Tax Return
An automatic extension of time to file Form 5500 until the due date of the Federal income tax return of the employer will
be granted if all of the
following conditions are met: (1) the plan year and the employer's tax year are the same; (2) the employer has been granted an
extension of time to file its Federal income tax return to a date later than the normal due date for filing the Form 5500;
and (3) a copy
of the application for extension of time to file the Federal income tax return is attached to the Form 5500. An extension
granted by using this
automatic extension procedure CANNOT be extended further by filing a Form 5558, nor can it be extended beyond a total of 9
1/2 months beyond the close
of the plan year.
If the application for extension of time contains social security numbers, ensure that these social security numbers are not
visible in the copy
attached to the Form 5500. The Form 5500 and its attachments are open to public inspection, and the contents are public information
and are subject to
publication on the Internet. Because of privacy concerns, the inclusion of a visible social security number on the Form 5500
or its attachments may
result in the rejection of the filing.
Note.
An extension of time to file the Form 5500 described on page 4 does not operate as an extension of time to file a Form 5500
filed for a DFE (other
than a GIA) or the PBGC Form 1.
The IRS, DOL, and PBGC may announce special extensions of time under certain circumstances, such as extensions for Presidentially-declared
disasters or for service in, or in support of, the Armed Forces of the United States in a combat zone. See
www.irs.gov and
www.efast.dol.gov for announcements regarding such special extensions. If you are relying on one of these
announced special extensions, check Form 5500, Part I, box D and attach a statement citing the announced authority for the
extension. The attachment
must be appropriately labeled at the top of the statement, for example, "Form 5500, Box D - DISASTER RELIEF EXTENSION" or "Form 5500,
Box D - COMBAT ZONE EXTENSION."
Delinquent Filer Voluntary Compliance (DFVC) Program
The DFVC Program facilitates voluntary compliance by plan administrators who are delinquent in filing annual reports under
Title I of ERISA by
permitting administrators to pay reduced civil penalties for voluntarily complying with their DOL annual reporting obligations.
If the Form 5500 is
being filed under the DFVC Program, check Form 5500, Part I, box D and attach a statement explaining that the Form 5500 is
being filed under the DFVC
Program with "Form 5500, Box D - DFVC FILING" prominently displayed at the top of the statement.
See
www.efast.dol.gov for information concerning the submission of penalty payments to the DFVC Program processing
center. Penalty payments submitted by mail should be sent to:
Penalty payments submitted by private delivery service should be sent to:
QLP Wholesale Lockbox NC 0810
You can use certain private delivery services designated by the IRS to meet the “timely mailing as timely filing/paying” rule for tax returns
and payments. These private delivery services include only the following:
-
DHL Express (DHL): DHL Same Day Service, DHL Next Day 10:30 am, DHL Next Day 12:00 pm, DHL Next Day 3:00 pm, and DHL 2nd Day
Service.
-
Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and
FedEx
International First.
-
United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A.M., UPS Worldwide
Express Plus,
and UPS Worldwide Express.
The private delivery service can tell you how to get written proof of the mailing date.
See Where To File below for the street address when using a private delivery service.
File the Form 5500, with any required schedules, statements, and attachments, at the address indicated below.
Address for filing on paper
Address for filing on floppy disc, CD-ROM, or tape
By private delivery service:
Address for filing on paper, floppy disc, CD-ROM, or tape
The return/report must be completed in accordance with the Line-by-Line Instructions for the 2006 Form 5500 and Schedules on page 14.
Answer all questions with respect to the plan or DFE year, unless otherwise explicitly stated in the instructions or on the
form itself. Therefore,
responses usually apply to the year entered or printed at the top of the first page of the form.
Do not enter "N/A" and "Not Applicable" on the Form 5500 or schedules unless specifically permitted by the form, schedules,
or instructions. "Yes"
or "No" questions on the forms and schedules must be marked either "Yes" or "No," but not both.
Do not enter social security numbers on the Form 5500, schedules, or other attachments unless specifically required by the
form, schedules, or
instructions.
The Form 5500 and most of the schedules and attachments are open to public inspection, and the contents are public information
and are subject to
publication on the Internet. Because of privacy concerns, the inclusion of a social security number on the Form 5500 or on
a schedule or attachment
that is open to public inspection may result in the rejection of the filing.
EINs may be obtained by applying for one on Form SS-4, Application for Employer Identification Number, as soon as possible. You can
obtain Form SS-4 by calling 1-800-TAX-FORM (1-800-829-3676) or at the IRS Web Site at
www.irs.gov. The EBSA does not issue EINs.
Filers make several common mistakes. To reduce the possibility of correspondence and penalties:
-
Sign and date the Form 5500, and make sure that any schedules or attachments that require a signature are properly signed
and
dated.
-
Check your math to avoid calculation errors.
-
All lines on the Form 5500 must be completed unless otherwise specified. All applicable schedules and/or attachments must
also be
completed.
-
All schedules and attachments to the Form 5500 must be properly identified, and must include the name of the plan or DFE,
EIN, and plan
number (PN) as found on the Form 5500, lines 1a, 2b, and 1b, respectively. At the top of each attachment, indicate the schedule
and line, if any
(e.g., Schedule H, Line 4i ) to which the attachment relates. When assembling the package for filing, you can place attachments to a
schedule, either directly behind that schedule or at the end of the filing.
-
Attach the required accountant's opinion and report. The instructions in What To File on page 7 explain which plans and DFEs are
required to attach the opinion and report.
-
Check boxes should be filled in completely or clearly marked with an “X.” Do not mark on or near the bar code or in the upper right
corner of the form as this will interfere with processing.
-
Complete Part I - Annual Report Identification Information at the top of the Form 5500. Do not mark final return/report in Line B
of Part I if you are reporting participants and/or assets at the end of the plan year.
-
Complete Form 5500, lines 8 and 9, if applicable, to report all benefits provided and plan funding/benefit arrangements.
-
Enter on Form 5500, line 2d, if applicable, the correct principal business activity code from pages 60, 61, or 62.
Paper and Electronic Filing
As described in more detail below, the 2006 forms are available in two computer scannable formats: machine print and hand
print (the questions are the same).
Filers can choose a machine print format that is completed by using EFAST approved computer software that produces computer
scannable 2-D bar codes
on the bottom of each page. Machine print forms can be filed on paper, magnetic tape, floppy diskette, or CD-ROM by mail (including
certain private
delivery services) or filed electronically by approved EFAST transmitters (authorized transmitters of forms by modem or file
transfer protocol).
Filers can also choose a hand print format that can be completed in one of two ways. You may complete the IRS printed paper
forms by hand or
typewriter. You may also choose to complete the hand print form by using computer software from EFAST approved vendors.
Computer-generated forms CANNOT be printed out blank, or with limited information, and then completed by pen or typewriter.
These forms
must be completed entering the data by computer.
The hand print format uses special printing standards that enables EFAST to scan the hand, typewritten, and computer entries
and must be filed by
mail (including certain private delivery services). Hand print forms are available from the IRS as discussed in How To Get Forms and Related
Publications on page 2. See
www.efast.dol.gov for a list of approved software vendors.
Form 5500 Completed by Pen
Use only the official hand print form. Enter only a single letter or number within each box using blue or black ink. Abbreviate
if necessary. Where
numbers are required, do not enter dollar signs, commas, or decimal points. To indicate a negative number, enter a minus sign
“-” in the
box to the left of the number. See example below.
Form 5500 Completed by Typewriter
Use only the official hand print form. Type within the row of boxes and ignore the vertical lines between the boxes. The number
of entries should
not exceed the number of boxes (e.g., if there are 13 boxes, the numbers or letters entered should not exceed 13). Abbreviate
if necessary. Where
numbers are required, do not enter dollar signs, commas, or decimal points. See the example of a typewritten positive number
below. To indicate a
negative number, enter a minus sign “-” in the box to the left of the number.
Form 5500 Completed by Using Computer Software
Use only software from an approved software vendor, which may produce either a machine print or hand print form.
All forms completed using computer software must be submitted on paper (except for machine print forms submitted electronically, as
described below). Paper filings must be printed on only one side of standard 8½ by 11 inch paper and mailed to the address
listed under
Where To File on page 5.
To submit a machine print Form 5500 electronically, use only software from an approved software vendor. An electronic signature
and an encryption
key must be obtained by filing the Application for EFAST Electronic Signature and Codes for EFAST Transmitters and Software Developers Form
EFAST-1. You may, following the software's instructions, either (1) save the completed machine print Form 5500 to a 3.5 inch floppy
disc, CD-ROM, 4mm or 8mm DAT, 3480 or 3490 cartridge, or 9-track tape and submit the Form 5500 by mail or private delivery
service, or (2)
submit by modem or FTP.
See
www.efast.dol.gov for a list of approved software vendors, the Form EFAST-1, and additional information.
File an amended return/report to correct errors and/or omissions in a previously filed annual return/report for the 2006 plan
year. The amended
Form 5500 and any amended schedules must conform to the requirements in this How To File section.
If you are filing a corrected return/report in response to correspondence from EBSA regarding the processing of your return/report,
do
not check Part I, box B(2) to identify the filing as an amended return/report unless the correspondence includes instructions
that
specifically direct you to check box B(2).
The procedure for amending the return/report depends upon the type of form filed as specified below:
Submit a completed, signed, and dated Form 5500 (be certain to check box B(2)). Attach any schedules or attachments that are
being changed from the
prior filing. Do not attach schedules and attachments that are not being changed. Do not attach schedules where only attachments
are being amended.
Only identify schedules that are being amended on line 10 of Form 5500. If only attachments are being amended, do not identify
any schedules on line
10 of Form 5500.
Submit a completed and dated Form 5500 with electronic signature (be certain to check box B(2)). Refile all schedules and
attachments, including
those that are not being amended. See the DOL Web Site at
www.efast.dol.gov for information on electronic filing of amended return/reports.
If all assets under the plan (including insurance/annuity contracts) have been distributed to the participants and beneficiaries
or legally
transferred to the control of another plan, and when all liabilities for which benefits may be paid under a welfare benefit
plan have been satisfied,
check the final return/report box (Part I, B(3)) at the top of the Form 5500. If a trustee is appointed for a terminated defined
benefit plan pursuant
to ERISA section 4042, the last plan year for which a return/report must be filed is the year in which the trustee is appointed.
A final return/report should be filed for the plan year (12 months or less) that ends when all plan assets were legally transferred
to the control
of another plan.
Pension and Welfare Plans That Terminated Without Distributing All Assets
If the plan was terminated but all plan assets were not distributed, a return/report must be filed for each year the plan
has assets. The
return/report must be filed by the plan administrator, if designated, or by the person or persons who actually control the
plan's assets/property.
Welfare Plans Still Liable To Pay Benefits
A welfare plan cannot file a final return/report if the plan is still liable to pay benefits for claims that were incurred
prior to the termination
date, but not yet paid. See 29 CFR 2520.104b-2(g)(2)(ii).
The plan administrator must sign and date a Form 5500 filed for a pension or a welfare plan under ERISA sections 104 and/or
4065. Either the plan
administrator or the employer may sign and date a Form 5500 filed for a pension plan under Code section 6058. Generally, a
Form 5500 filed for a
pension plan is filed under both ERISA section 104 and Code section 6058.
When a joint employer-union board of trustees or committee is the plan sponsor or plan administrator, at least one employer
representative and one
union representative must sign and date the Form 5500.
A representative authorized to sign on behalf of the DFE must sign the Form 5500 submitted for the DFE.
The administrator is required to maintain a copy of the annual report with all required signatures, as part of the plan's
records, even if the
annual report is filed electronically. See 29 CFR 2520.103-1.
Generally, only defined benefit pension plans need to get approval for a change in plan year. (See Code section 412(c)(5).)
However, under Rev.
Proc. 87-27, 1987-1 C.B. 769, these pension plans may be eligible for automatic approval of a change in plan year. If a change
in plan year for a
pension or a welfare plan creates a short plan year, box B(4) in Part I of the Form 5500 must be checked and a Form 5500,
with all required schedules
and attachments, must be filed by the last day of the 7th calendar month after the end of the short plan year.
ERISA and the Code provide for the Department of Labor (DOL) and the Internal Revenue Service (IRS), respectively, to assess
or impose penalties
for not giving complete information and for not filing statements and returns/reports. Certain penalties are administrative
(i.e., they may be imposed
or assessed by one of the governmental agencies delegated to administer the collection of the Form 5500 data). Others require
a legal conviction.
Listed below are various penalties under ERISA and the Code that may be assessed or imposed for not meeting the Form 5500
filing requirements.
Whether the penalty is under ERISA or the Code, or both, depends upon the agency for which the information is required to
be filed. One or more of the
following administrative penalties may be assessed or imposed in the event of incomplete filings or filings received after
the due date unless it is
determined that your explanation for failure to file properly is for reasonable cause:
-
A penalty of up to $1,100 a day for each day a plan administrator fails or refuses to file a complete report. See ERISA section
502(c)(2)
and 29 CFR 2560.502c-2.
-
A penalty of $25 a day (up to $15,000) for not filing returns for certain plans of deferred compensation, trusts and annuities,
and bond
purchase plans by the due date(s). See Code section 6652(e).
-
A penalty of $1 a day (up to $5,000) for each participant for whom a registration statement (Schedule SSA (Form 5500)) is
required but not
filed. See Code section 6652(d)(1).
-
A penalty of $1,000 for not filing an actuarial statement. See Code section 6692.
-
Any individual who willfully violates any provision of Part 1 of Title I of ERISA shall be fined not more than $100,000 or
imprisoned not
more than 10 years, or both. See ERISA section 501.
-
A penalty up to $10,000, 5 years imprisonment, or both, may be imposed for making any false statement or representation of
fact, knowing it
to be false, or for knowingly concealing or not disclosing any fact required by ERISA. See section 1027, Title 18, U.S. Code,
as amended by section
111 of ERISA.
The Form 5500 reporting requirements vary depending on whether the Form 5500 is being filed for a "large plan," a "small plan,"
and/or a DFE, and
on the particular type of plan or DFE involved (e.g., welfare plan, pension plan, common/collective trust, pooled separate
account, master trust
investment account, 103-12 IE, or group insurance arrangement).
The instructions below provide detailed information about each of the Form 5500 schedules and which plans and DFEs are required
to file them.
First, the schedules are grouped by type: (1) Pension Benefit Schedules and (2) Financial Schedules. Each schedule is listed
separately with a description of the subject matter covered by the schedule and the plans and DFEs that are required to file
the schedule.
Filing requirements are also listed by type of filer: (1) Pension Benefit Plan Filing Requirements, (2) Welfare Benefit Plan
Filing Requirements, and (3) DFE Filing Requirements. For each filer type there is a separate list of the schedules that must be filed with
the Form 5500 (including where applicable, separate lists for large plan filers, small plan filers and different types of
DFEs).
The filing requirements are summarized in a “Quick Reference Chart for Form 5500, Schedules and Attachments” on pages 12 and 13.
Generally, a return/report filed for a pension benefit plan or welfare benefit plan that covered fewer than 100 participants
as of the beginning of
the plan year should be completed following the requirements below for a "small plan," and a return/report filed for a plan that covered
100 or more participants as of the beginning of the plan year should be completed following the requirements below for a "large plan."
Use the number of participants required to be entered in line 6 of the Form 5500 to determine whether a plan is a “small plan” or “large
plan.”
Exceptions:(1) 80-120 Participant Rule:
If the number of participants reported on line 6 is between 80 and 120, and a Form 5500 was filed for the prior plan year,
you may elect to
complete the return/report in the same category ("large plan" or "small plan") as was filed for the prior return/report. Thus,
if a return/report was
filed for the 2005 plan year as a small plan, including the Schedule I if applicable, and the number entered on line 6 of
the 2006 Form 5500 is 100 to
120, you may elect to complete the 2006 Form 5500 and schedules in accordance with the instructions for a small plan.
(2) Short Plan Year Rule:
If the plan had a short plan year of 7 months or less for either the prior plan year or the plan year being reported on the
2006 Form 5500,
an election can be made to defer filing the accountant's report in accordance with 29 CFR 2520.104-50. If such an election
was made for the prior plan
year, the 2006 Form 5500 must be completed following the requirements for a large plan, including the attachment of the Schedule
H and the
accountant's reports, regardless of the number of participants entered in Part II, line 6.
Pension Benefit Schedules
Schedule R
(Retirement Plan Information) - is required for a pension benefit plan that is a defined benefit plan or is otherwise subject to
Code section 412 or ERISA section 302. Schedule R may also be required for certain other pension benefit plans unless otherwise
specified under
Limited Pension Plan Reporting on page 9. For additional information, see the Schedule R instructions.
Schedule B
(Actuarial Information) - is required for most defined benefit pension plans and for defined contribution pension plans that
currently amortize a waiver of the minimum funding specified in the instructions for the Schedule B. For additional information,
see the instructions
for the Schedules B and R.
Schedule E
(ESOP Annual Information) - is required for all pension benefit plans with ESOP benefits. For additional information, see the
Schedule E instructions.
Schedule SSA
(Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits) - may be needed to report
separated participants. For additional information, see the Schedule SSA instructions.
Schedule H
(Financial Information) - is required for pension benefit plans and welfare benefit plans filing as “ large plans,” and for
all DFE filings. Employee benefit plans, 103-12 IEs, and GIAs filing the Schedule H are generally required to engage an independent
qualified public
accountant and attach a report of the accountant pursuant to ERISA section 103(a)(3)(A). These plans and DFEs are also generally
required to attach to
the Form 5500 a “Schedule of Assets (Held At End of Year),” and, if applicable, a “Schedule of Assets (Acquired and Disposed of
Within Year),” and a “Schedule of Reportable Transactions.” For additional information, see the Schedule H instructions.
Exceptions:
Insured, unfunded, or combination unfunded/insured welfare plans as described in 29 CFR 2520.104-44(b)(1), and certain pension
plans and
arrangements described in 29 CFR 2520.104-44(b)(2) and Limited Pension Plan Reporting on page 9, are exempt from completing the Schedule H.
Schedule I
(Financial Information - Small Plan) - is required for all pension benefit plans and welfare benefit plans filing as "small
plans," except for certain pension plans and arrangements described in 29 CFR 2520.104-44(b)(2) and Limited Pension Plan Reporting on page
9. For additional information, see the Schedule I instructions.
Schedule A
(Insurance Information) - is required if any benefits under an employee benefit plan are provided by an insurance company,
insurance service or other similar organization (such as Blue Cross, Blue Shield, or a health maintenance organization). This
includes investment
contracts with insurance companies, such as guaranteed investment contracts and pooled separate accounts. For additional information,
see the Schedule
A instructions.
Note.
Do not file Schedule A for Administrative Services Only (ASO) contracts. Do not file Schedule A if a Schedule A is filed for
the contract as part
of the Form 5500 filed directly by a master trust investment account or 103-12 IE. Do not file Schedule A if the plan covers
only: (1) an
individual or an individual and his or her spouse who wholly own a trade or business, whether incorporated or unincorporated;
or (2)
partners, or partners and one or more of the partner's spouses in a partnership.
Schedule C
(Service Provider Information) - is required for a large plan, MTIA, 103-12 IE, or GIA if (1) any service provider who
rendered services to the plan or DFE during the plan or DFE year received $5,000 or more in compensation, directly or indirectly
from the plan or DFE,
or (2) an accountant and/or enrolled actuary has been terminated. For additional information, see the Schedule C instructions.
Schedule D
(DFE/Participating Plan Information) - Part I is required for a plan or DFE that invested or participated in any MTIAs, 103-12
IEs, CCTs, and/or PSAs. Part II is required when the Form 5500 is filed for a DFE. For additional information, see the Schedule
D instructions.
Schedule G
(Financial Transaction Schedules) - is required for a large plan, MTIA, 103-12 IE, or GIA when Schedule H (Financial Information)
lines 4b, 4c, and/or 4d are checked "Yes." Part I of the Schedule G reports loans or fixed income obligations in default or
classified as
uncollectible. Part II of the Schedule G reports leases in default or classified as uncollectible. Part III of the Schedule
G reports non-exempt
transactions. For additional information, see the Schedule G instructions.
An unfunded, fully insured, or combination unfunded/insured welfare plan with 100 or more participants exempt under 29 CFR
2520.104-44 from
completing Schedule H must still complete Schedule G, Part III, to report nonexempt transactions.
Pension Benefit Plan Filing Requirements
Pension benefit plan filers must complete the Form 5500, including the signature block and, unless otherwise specified, attach
the following
schedules and information:
The following schedules (including any additional information required by the instructions to the schedules) must be attached
to a Form 5500 filed
for a small pension plan:
-
Schedule A (as many as needed), to report insurance, annuity, and investment contracts held by the plan.
-
Schedule B, to report actuarial information, if applicable.
-
Schedule D, Part I, to list any CCTs, PSAs, MTIAs, and 103-12 IEs in which the plan participated at any time during the plan
year.
-
Schedule E, to report ESOP annual information, if applicable.
-
Schedule I, to report small plan financial information, unless exempt.
-
Schedule R, to report retirement plan information, if applicable.
-
Schedule SSA (only one page 1 with as many pages 2 as needed), to report separated vested participant information, if
applicable.
If Schedule I, line 4k, is checked “No,” you must attach the report of the independent qualified public accountant (IQPA) or a
statement that the plan is eligible and elects to defer attaching the IQPA's opinion pursuant to 29 CFR 2520.104-50 in connection
with a short plan
year of seven months or less.
The following schedules (including any additional information required by the instructions to the schedules) must be attached
to a Form 5500 filed
for a large pension plan:
-
Schedule A (as many as needed), to report insurance, annuity, and investment contracts held by the plan.
-
Schedule B, to report actuarial information, if applicable.
-
Schedule C, to list the 40 most highly compensated service providers and, if applicable, any terminated accountants or enrolled
actuaries.
-
Schedule D, Part I, to list any CCTs, PSAs, MTIAs, and 103-12 IEs in which the plan invested at any time during the plan year.
-
Schedule E, to report ESOP annual information, if applicable.
-
Schedule G, to report loans or fixed income obligations in default or determined to be uncollectible as of the end of the
plan year, leases
in default or classified as uncollectible, and nonexempt transactions, i.e., file Schedule G if Schedule H (Form 5500) lines
4b, 4c, and/or 4d are
checked "Yes."
-
Schedule H, to report financial information, unless exempt.
-
Schedule R, to report retirement plan information, if applicable.
-
Schedule SSA (only one page 1 with as many pages 2 as needed), to report separated vested participant information, if
applicable.
You must attach the report of the independent qualified public accountant identified on Schedule H, line 3c, unless line 3d(2) is
checked.
Limited Pension Plan Reporting
The pension plans or arrangements described below are eligible for limited annual reporting:
Note.
The administrator of an arrangement described above is not required to engage an independent qualified public accountant,
attach an accountant's
opinion to the Form 5500, or attach any schedules to the Form 5500.
-
403(b) Arrangements: A pension plan or arrangement using a tax deferred annuity arrangement under Code section 403(b)(1) and/or a
custodial account for regulated investment company stock under Code section 403(b)(7) as the sole funding vehicle for providing
pension benefits need
complete only Form 5500, Part I and Part II, lines 1 through 5, and 8 (enter pension feature code 2L, 2M, or both).
-
IRA Plans: A pension plan utilizing individual retirement accounts or annuities (as described in Code section 408) as the sole
funding vehicle for providing pension benefits need complete only Form 5500, Part I and Part II, lines 1 through 5, and 8
(enter pension feature code
2N).
-
Fully Insured Pension Plan: A pension benefit plan providing benefits exclusively through an insurance contract or contracts that
are fully guaranteed and that meet all of the conditions of 29 CFR 2520.104-44(b)(2) during the entire plan year must complete
all the requirements
listed under this Pension Benefit Plan Filing Requirements section, except that such a plan is exempt from attaching Schedule H, Schedule
I, and an accountant's opinion, and from the requirement to engage an independent qualified public accountant.
A pension benefit plan that has insurance contracts of the type described in 29 CFR 2520.104-44 as well as other assets must
complete all
requirements for a pension benefit plan, except that the value of the plan's allocated contracts (see below) should not be
reported in Part I of
Schedule H or I. All other assets should be reported on Schedule H or Schedule I, and any other required schedules. If Schedule
H is filed, attach an
accountant's report in accordance with the Schedule H instructions.
Note.
For purposes of the annual return/report and the alternative method of compliance set forth in 29 CFR 2520.104-44, a contract
is considered to be
"allocated" only if the insurance company or organization that issued the contract unconditionally guarantees, upon receipt
of the required premium or
consideration, to provide a retirement benefit of a specified amount. This amount must be provided to each participant without
adjustment for
fluctuations in the market value of the underlying assets of the company or organization, and each participant must have a
legal right to such
benefits, which is legally enforceable directly against the insurance company or organization. For example, deposit administration,
immediate
participation guarantee, and guaranteed investment contracts are NOT allocated contracts for Form 5500 purposes.
-
Nonqualified pension benefit plans maintained outside the United States: Nonqualified pension benefit plans maintained outside
the United States primarily for nonresident aliens required to file a return/report (see Who Must File on page 2) must complete the Form
5500 only (enter 3A in Part II, line 8a).
Welfare Benefit Plan Filing Requirements
Welfare benefit plan filers must complete the Form 5500, including the signature block and, unless otherwise specified, attach
the following
schedules and information:
The following schedules (including any additional information required by the instructions to the schedules) must be attached
to a Form 5500 filed
for a small welfare plan:
-
Schedule A (as many as needed), to report insurance contracts held by the plan.
-
Schedule D, Part I, to list any CCTs, PSAs, MTIAs, and 103-12 IEs in which the plan participated at any time during the plan
year.
-
Schedule I, to report small plan financial information.
The following schedules (including any additional information required by the instructions to the schedules) must be attached
to a Form 5500 filed
for a large welfare plan:
-
Schedule A (as many as needed), to report insurance and investment contracts held by the plan.
-
Schedule C, if applicable, to list service providers and any terminated accountants or actuaries.
-
Schedule D, Part I, to list any CCTs, PSAs, MTIAs, and 103-12 IEs in which the plan invested at any time during the plan year.
-
Schedule G, to report loans or fixed income obligations in default or determined to be uncollectible as of the end of the
plan year, leases
in default or classified as uncollectible, and nonexempt transactions, i.e., file Schedule G if Schedule H (Form 5500) lines
4b, 4c, and/or 4d are
checked "Yes" or if a large welfare plan that is not required to file a Schedule H has nonexempt transactions.
-
Schedule H, to report financial information, unless exempt.
Attach the report of the independent qualified public accountant identified on Schedule H, line 3c, unless line 3d(2) is checked.
Neither Schedule H nor an accountant's opinion should be attached to a Form 5500 filed for an unfunded, fully insured or combination
unfunded/insured welfare plan (as defined on pages 3 and 4) that covered 100 or more participants as of the beginning of the
plan year which meets the
requirements of 29 CFR 2520.104-44. However, Schedule G, Part III, must be attached to the Form 5500 to report any nonexempt
transactions. A welfare
benefit plan that uses a "voluntary employees' beneficiary association" (VEBA) under Code section 501(c)(9) is generally not
exempt from the
requirement of engaging an independent qualified public accountant.
Direct Filing Entity (DFE) Filing Requirements
Some plans participate in certain trusts, accounts, and other investment arrangements that file the Form 5500 as a DFE. A
Form 5500 must be filed
for a master trust investment account (MTIA). A Form 5500 is not required but may be filed for a common/collective trust (CCT),
pooled separate
account (PSA), 103-12 investment entity (103-12 IE), or group insurance arrangement (GIA). However, plans that participate
in CCTs, PSAs, 103-12 IEs,
or GIAs that file as DFEs generally are eligible for certain annual reporting relief. For reporting purposes, a CCT, PSA,
103-12 IE, or GIA is
considered a DFE only when a Form 5500 and all required attachments are filed for it in accordance with the following instructions.
Only one Form 5500 should be filed for each DFE for all plans participating in the DFE; however, the Form 5500 filed for the
DFE, including all
required schedules and attachments, must report information for the DFE year (not to exceed 12 months in length) that ends
with or within the
participating plan's year.
Any Form 5500 filed for a DFE is an integral part of the annual report of each participating plan and the plan administrator
may be subject to
penalties for failing to file a complete annual report unless both the DFE Form 5500 and the plan's Form 5500 are properly
filed. The information
required for a Form 5500 filed for a DFE varies according to the type of DFE. The following paragraphs provide specific guidance
for the reporting
requirements for each type of DFE.
Master Trust Investment Account (MTIA)
The administrator filing a Form 5500 for an employee benefit plan is required to file or have a designee file a Form 5500
for each MTIA in which
the plan participated at any time during the plan year. For reporting purposes, a "master trust" is a trust for which a regulated
financial
institution (as defined below) serves as trustee or custodian (regardless of whether such institution exercises discretionary
authority or control
with respect to the management of assets held in the trust), and in which assets of more than one plan sponsored by a single
employer or by a group of
employers under common control are held.
"Common control" is determined on the basis of all relevant facts and circumstances (whether or not such employers are incorporated).
A "regulated financial institution" means a bank, trust company, or similar financial institution that is regulated, supervised,
and subject to
periodic examination by a state or Federal agency. A securities brokerage firm is not a "similar financial institution" as
used here. See DOL Advisory
Opinion 93-21A (available at
www.dol.gov/ebsa).
The assets of a master trust are considered for reporting purposes to be held in one or more "investment accounts." A "master
trust investment
account" may consist of a pool of assets or a single asset. Each pool of assets held in a master trust must be treated as
a separate MTIA if each plan
that has an interest in the pool has the same fractional interest in each asset in the pool as its fractional interest in
the pool, and if each such
plan may not dispose of its interest in any asset in the pool without disposing of its interest in the pool. A master trust
may also contain assets
that are not held in such a pool. Each such asset must be treated as a separate MTIA.
Notes.
(1) If a MTIA consists solely of one plan's asset(s) during the reporting period, the plan may report the asset(s) either as
an
investment account on a MTIA Form 5500, or as a plan asset(s) that is not part of the master trust (and therefore subject
to all instructions
concerning assets not held in a master trust) on the plan's Form 5500. (2) If a master trust holds assets attributable to participant or
beneficiary directed transactions under an individual account plan and the assets are interests in registered investment companies,
interests in
contracts issued by an insurance company licensed to do business in any state, interests in common/collective trusts maintained
by a bank, trust
company or similar institution, or the assets have a current value that is readily determinable on an established market,
those assets may be treated
as a single MTIA.
The Form 5500 submitted for the MTIA must comply with the Form 5500 instructions for a Large Pension Plan, unless otherwise specified in
the forms and instructions. The MTIA must file:
-
Form 5500, except lines C, D, 1c, 2d, and 6 through 9. Be certain to enter "M" on line A(4).
-
Schedule A (as many as needed) to report insurance, annuity and investment contracts held by the MTIA.
-
Schedule C, to report service provider information. Part II is not required for a MTIA.
-
Schedule D, to list CCTs, PSAs, and 103-12 IEs in which the MTIA invested at any time during the MTIA year and to list all
plans that
participated in the MTIA during its year.
-
Schedule G, to report loans or fixed income obligations in default or determined to be uncollectible as of the end of the
MTIA year, all
leases in default or classified as uncollectible, and nonexempt transactions.
-
Schedule H, except lines 1b(1), 1b(2), 1c(8), 1g, 1h, 1i, 2a, 2b(1)(E), 2e, 2f, 2g, 4a, 4e, 4f, 4g, 4h, 4k, and 5, to report
financial
information. An accountant's opinion is not required for a MTIA.
-
Additional information required by the instructions to the above schedules, including, for example, the schedules of assets
held for
investment and the schedule of reportable transactions. For purposes of the schedule of reportable transactions, the 5% figure
shall be determined by
comparing the current value of the transaction at the transaction date with the current value of the investment account assets
at the beginning of the
applicable fiscal year of the MTIA. All attachments must be properly labeled.
Common/Collective Trust (CCT) and Pooled Separate Account (PSA)
A Form 5500 is not required to be filed for a CCT or PSA. However, the administrator of a large plan or DFE that participates
in a CCT or PSA that
files as specified below is entitled to reporting relief that is not available to plans or DFEs participating in a CCT or
PSA for which a Form 5500 is
not filed.
For reporting purposes, "common/collective trust" and "pooled separate account" are, respectively: (1) a trust maintained by a bank,
trust company, or similar institution or (2) an account maintained by an insurance carrier, which are regulated, supervised, and subject to
periodic examination by a state or Federal agency in the case of a CCT, or by a state agency in the case of a PSA, for the
collective investment and
reinvestment of assets contributed thereto from employee benefit plans maintained by more than one employer or controlled
group of corporations as
that term is used in Code section 1563. See 29 CFR 2520.103-3, 103-4, 103-5, and 103-9.
Note.
For reporting purposes, a separate account that is not considered to be holding plan assets pursuant to 29 CFR 2510.3-101(h)(1)(iii)
does not
constitute a pooled separate account.
The Form 5500 submitted for a CCT or PSA must comply with the Form 5500 instructions for a Large Pension Plan, unless otherwise
specified in the forms and instructions. The CCT or PSA must file:
-
Form 5500, except lines C, D, 1c, 2d, and 6 through 9. Enter "C" or "P," as appropriate, on line A(4).
-
Schedule D, to list all CCTs, PSAs, MTIAs, and 103-12 IEs in which the CCT or PSA invested at any time during the CCT or PSA
year and to
list in Part II all plans that participated in the CCT or PSA during its year.
-
Schedule H, except lines 1b(1), 1b(2), 1c(8), 1d, 1e, 1g, 1h, 1i, 2a, 2b(1)(E), 2e, 2f, and 2g, to report financial information.
Part IV and
an accountant's opinion are not required for a CCT or PSA.
Different requirements apply to the Schedules D and H attached to the Form 5500 filed by plans and DFEs participating in CCTs
and PSAs, depending
upon whether a DFE Form 5500 has been filed for the CCT or PSA. See the instructions for these schedules.
103-12 Investment Entity (103-12 IE)
DOL Regulation 2520.103-12 provides an alternative method of reporting for plans that invest in an entity (other than a MTIA,
CCT, or PSA), whose
underlying assets include "plan assets" within the meaning of 29 CFR 2510.3-101 of two or more plans that are not members
of a "related group" of
employee benefit plans. Such an entity for which a Form 5500 is filed constitutes a "103-12 IE." A Form 5500 is not required
to be filed for such
entities; however, filing a Form 5500 as a 103-12 IE provides certain reporting relief, including the limitation of the examination
and report of the
independent qualified public accountant provided by 29 CFR 2520.103-12(d), to participating plans and DFEs. For this reporting
purpose, a "related
group" of employee benefit plans consists of each group of two or more employee benefit plans (1) each of which receives 10% or more of its
aggregate contributions from the same employer or from a member of the same controlled group of corporations (as determined
under Code section
1563(a), without regard to Code section 1563(a)(4) thereof); or (2) each of which is either maintained by, or maintained pursuant to a
collective-bargaining agreement negotiated by, the same employee organization or affiliated employee organizations. For purposes
of this paragraph, an
"affiliate" of an employee organization means any person controlling, controlled by, or under common control with such organization.
See 29 CFR
2520.103-12.
The Form 5500 submitted for a 103-12 IE must comply with the Form 5500 instructions for a Large Pension Plan, unless otherwise specified
in the forms and instructions. The 103-12 IE must file:
-
Form 5500, except lines C, D, 1c, 2d, and 6 through 9. Enter "E" on line A(4).
-
Schedule A (as many as needed), to report insurance, annuity and investment contracts held by the 103-12 IE.
-
Schedule C, to report service provider information and any terminated accountants.
-
Schedule D, to list all CCTs, PSAs, and 103-12 IEs in which the 103-12 IE invested at any time during the 103-12 IE's year,
and to list all
plans that participated in the 103-12 IE during its year.
-
Schedule G, to report loans or fixed income obligations in default or determined to be uncollectible as of the end of the
103-12 IE year,
leases in default or classified as uncollectible, and nonexempt transactions.
-
Schedule H, except lines 1b(1), 1b(2), 1c(8), 1d, 1e, 1g, 1h, 1i, 2a, 2b(1)(E), 2e, 2f, 2g, 4a, 4e, 4f, 4g, 4h, 4j, 4k, and
5, to report
financial information.
-
Additional information required by the instructions to the above schedules, including, for example, the report of the independent
qualified
public accountant identified on Schedule H, line 3c, and the schedule(s) of assets held for investment. All attachments must
be properly
labeled.
Group Insurance Arrangement (GIA)
Each welfare benefit plan that is part of a group insurance arrangement is exempted from the requirement to file a Form 5500
if a consolidated Form
5500 report for all the plans in the arrangement was filed in accordance with 29 CFR 2520.104-43. For reporting purposes,
a "group insurance
arrangement" provides benefits to the employees of two or more unaffiliated employers (not in connection with a multiemployer
plan or a
collectively-bargained multiple-employer plan), fully insures one or more welfare plans of each participating employer, uses
a trust or other entity
as the holder of the insurance contracts, and uses a trust as the conduit for payment of premiums to the insurance company.
The GIA must file:
-
Form 5500, except lines C and 2d. Enter "G" on line A(4).
-
Schedule A (as many as needed), to report insurance, annuity and investment contracts held by the GIA.
-
Schedule C, to report service provider information and any terminated accountants.
-
Schedule D, to list all CCTs, PSAs, and 103-12 IEs in which the GIA invested at any time during the GIA year, and to list
all plans that
participated in the GIA during its year.
-
Schedule G, to report loans or fixed income obligations in default or determined to be uncollectible as of the end of the
GIA year, leases
in default or classified as uncollectible, and nonexempt transactions.
-
Schedule H, except lines 4a, 4e, 4f, 4g, 4h, 4k, and 5, to report financial information.
-
Additional information required by the instructions to the above schedules, including, for example, the report of the independent
qualified
public accountant identified on Schedule H, line 3c, the schedules of assets held for investment and the schedule of reportable
transactions. All
attachments must be properly labeled.
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