SunGard Relius has posted an 8-Part FAQ Series on the new Schedule C to the Form 5500.
Part 1 answers questions related to "Who Must File the New Schedule C?" Answers are provided to the following questions:
- Must small plans file Schedule C?
- Is Schedule C included with new Form 5500-SF or the owner only filing, Form 5500-EZ?
- Do small plans and plans filing Form 5500-SF report administrative expenses?
- Which types of filings may include Schedule C?
- How is the new Schedule C organized?
- Does Part I of Schedule C include payments by the employer for administrative expenses?
- Might a large plan need to file Schedule C even though the plan does not write a check for any expenses or change auditors or actuaries?
- If the employer pays all plan expenses and there are no changes in auditors or actuaries, must a large plan file Schedule C?
To see the entire Part 1 FAQ, click
here. For all 8 of SunGard Relius' FAQs on the new Schedule C, click
here.
Please
contact us with questions about how the new Schedule C applies to your particular situation.