Instructions For Schedule H (Form 5500) - Financial Information - 2009


under the terms of the plan by a trustee or a named fiduciary,
2009 Instructions for Schedule H
assuming an orderly liquidation at time of the determination.
See ERISA section 3(26).
(Form 5500)
Note. For the 2009 plan year, plans that provide
Financial Information
participant-directed brokerage accounts as an investment
alternative (and have entered pension feature code ‘‘2R’’ on line
8a of the Form 5500) may report investments in assets made
General Instructions
through participant-directed brokerage accounts either:
1. As individual investments on the applicable asset and
Who Must File
liability categories in Part I and the income and expense
Schedule H (Form 5500) must be attached to a Form 5500 filed
categories in Part II, or
for a pension benefit plan or a welfare benefit plan that covered
2. By including on line 1c(15) the total aggregate value of
100 or more participants as of the beginning of the plan year
the assets and on line 2c the total aggregate investment income
and a Form 5500 filed for a MTIA, CCT, PSA, 103-12 IE, or
(loss) before expenses, provided the assets are not loans,
GIA. See the instructions to the Form 5500 for Direct Filing
partnership or joint-venture interests, real property, employer
Entity (DFE) Filing Requirements.
securities, or investments that could result in a loss in excess of
Exceptions: (1) Fully insured, unfunded, or a combination of
the account balance of the participant or beneficiary who
unfunded/insured welfare plans and fully insured pension plans
directed the transaction. Expenses charged to the accounts
that meet the requirements of 29 CFR 2520.104-44 are exempt
must be reported on the applicable expense line items.
from completing the Schedule H. (2) If a Schedule I was filed for
Participant-directed brokerage account assets reported in the
the plan for the 2008 plan year and the plan covered fewer than
aggregate on line 1c(15) should be treated as one asset held
121 participants as of the beginning of the 2009 plan year, the
for investment for purposes of the line 4i schedules, except that
Schedule I may be completed instead of a Schedule H. See
investments in tangible personal property must continue to be
What To File. If eligible, such a plan may file the Form 5500-SF
reported as separate assets on the line 4i schedules.
instead of the Form 5500 and its schedules, including the
Schedule I. See Instructions for Form 5500-SF. (3) Plans that
In the event that investments made through a
file a Form 5500-SF for the 2009 plan year are not required to
participant-directed brokerage account are loans, partnership or
file a Schedule H for that year.
joint venture interests, real property, employer securities, or
Check the Schedule H box on the Form 5500 (Part II, line
investments that could result in a loss in excess of the account
10b(1)) if a Schedule H is attached to the Form 5500. Do not
balance of the participant or beneficiary who directed the
attach both a Schedule H and a Schedule I to the same Form
transaction, such assets must be broken out and treated as
separate assets on the applicable asset and liability categories
in Part I, income and expense categories in Part II, and on the
Specific Instructions
line 4i schedules. The remaining assets in the
Lines A, B, C, and D. This information must be the same as
participant-directed brokerage account may be reported in the
reported in Part II of the Form 5500 to which this Schedule H is
aggregate as set forth in paragraph 2 above.
Columns (a) and (b). Enter the current value on each line as
Do not use a social security number in line D in lieu of an
of the beginning and end of the plan year.
EIN. The Schedule H and its attachments are open to public
Note. Amounts reported in column (a) must be the same as
inspection, and the contents are public information and are
reported for the end of the plan year for corresponding line
subject to publication on the Internet. Because of privacy
items of the return/report for the preceding plan year. Do not
concerns, the inclusion of a social security number on this
include contributions designated for the 2009 plan year in
Schedule H or any of its attachments may result in the rejection
column (a).
of the filing.
Line 1a. Total noninterest bearing cash includes, among other
You can apply for an EIN from the IRS online, by telephone,
things, cash on hand or cash in a noninterest bearing checking
by fax, or by mail depending on how soon you need to use the
EIN. For more information, see Section 3: Electronic Filing
Line 1b(1). Noncash basis filers must include contributions
Requirement under General Instructions to Form 5500. The
due the plan by the employer but not yet paid. Do not include
EBSA does not issue EINs.
other amounts due from the employer such as the
Note. The cash, modified cash, or accrual basis may be used
reimbursement of an expense or the repayment of a loan.
for recognition of transactions in Parts I and II, as long as you
Line 1b(2). Noncash basis filers must include contributions
use one method consistently. Round off all amounts reported
withheld by the employer from participants and amounts due
on the Schedule H to the nearest dollar. Any other amounts are
directly from participants that have not yet been received by the
subject to rejection. Check all subtotals and totals carefully.
plan. Do not include the repayment of participant loans.
If the assets of two or more plans are maintained in a fund
Line 1b(3). Noncash basis filers must include amounts due to
or account that is not a DFE, a registered investment company,
the plan that are not includable in lines 1b(1) or 1b(2). These
or the general account of an insurance company under an
amounts may include investment income earned but not yet
unallocated contract (see the instructions for lines 1c(9) through
received by the plan and other amounts due to the plan such as
1c(14)), complete Parts I and II of the Schedule H by entering
amounts due from the employer or another plan for expense
the plan’s allocable part of each line item.
reimbursement or from a participant for the repayment of an
Exception. When completing Part II of the Schedule H for a
overpayment of benefits.
plan or DFE that participates in a CCT or PSA for which a Form
Line 1c(1). Include all assets that earn interest in a financial
5500 has not been filed, do not allocate the income of the CCT
institution account such as interest bearing checking accounts,
or PSA and expenses that were subtracted from the gross
passbook savings accounts, or in money market accounts.
income of the CCT or PSA in determining their net investment
gain (loss). Instead, enter the CCT or PSA net gain (loss) on
Line 1c(2). Include securities issued or guaranteed by the
line 2b(6) or (7) in accordance with the instructions for these
U.S. Government or its designated agencies such as U.S.
Savings Bonds, Treasury bonds, Treasury bills, FNMA, and
If assets of one plan are maintained in two or more trust
funds, report the combined financial information in Parts I and
Line 1c(3). Include investment securities (other than employer
securities defined below in line 1d(1)) issued by a corporate
Current value means fair market value where available.
entity at a stated interest rate repayable on a particular future
Otherwise, it means the fair value as determined in good faith
date such as most bonds, debentures, convertible debentures,
Instructions for Schedule H (Form 5500)


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