Which 5500 schedule contains insurance information?

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!

The correct choice pertains to Schedule A of Form 5500, which is specifically designed to report information about insurance and annuity contracts held by the plan. This schedule is used by plan administrators to provide details about each insurance policy, including the name of the carrier, the type of insurance, and coverage amounts. This information is crucial for regulatory oversight as it pertains to the plan's funding arrangements.

In contrast, the other schedules on Form 5500 serve different purposes. Schedule C focuses on service provider information, detailing any fees paid to service providers for their services. Schedule D deals with the details of the plan's investment income, particularly regarding the asset class breakdown. Lastly, Schedule G handles information related to nonexempt transactions and fidelity bond coverage, which is not specifically about insurance contracts. Therefore, when looking for insurance information, Schedule A is the appropriate choice.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy