Which 5500 schedule contains Financial Information for Large Plans?

Prepare for the Qualified 401(k) Administrator Test. Utilize engaging flashcards and multiple-choice questions, each with hints and explanations. Ace your exam with confidence!

Schedule H of Form 5500 is designed specifically for large employee benefit plans with 100 or more participants. This schedule requires detailed financial information regarding the plan's assets, liabilities, income, and expenses. For large plans, it promotes transparency and provides essential data that helps plan participants, regulators, and other stakeholders assess the financial health of the retirement plan.

In contrast, other schedules focus on different aspects of plan reporting. For example, Schedule C deals with service provider fees and compensation, Schedule I is meant for small plans and contains simpler financial information, and Schedule A pertains to insurance information. Hence, Schedule H is the definitive choice for large plans seeking to disclose comprehensive financial information.

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