Which 5500 schedule contains Financial Information for Small Plans?

The correct answer identifies Schedule I of the Form 5500, which is specifically designed to contain financial information for small plans. In the context of retirement plans, 'small plans' generally refer to those with fewer than 100 participants at the beginning of the plan year. Schedule I provides a simpler reporting framework for these smaller plans, allowing them to present their financial information in a way that is less burdensome than the detailed requirements imposed on larger plans.

This schedule requires less detailed information about the plan's assets, income, and expenses compared to Schedule H, which is used by large plans. While Schedule H provides a comprehensive picture of the plan's financial health, it is intended for plans with 100 or more participants. On the other hand, Schedule G pertains to the financial transactions with parties in interest, and Schedule R focuses on the plan's retirement benefits and related information but does not directly pertain to financial reporting in the same way as Schedule I.

In summary, Schedule I serves the specific purpose of simplifying financial disclosures for small plans, making it the correct choice for the question regarding which 5500 schedule contains financial information for those plans.