[Code of Federal Regulations]

[Title 29, Volume 9]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 29CFR2520.103-10]



[Page 435-436]

 

                             TITLE 29--LABOR

 

 CHAPTER XXV--EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF 

                                  LABOR

 

PART 2520_RULES AND REGULATIONS FOR REPORTING AND DISCLOSURE--Table of 

Contents

 

                  Subpart C_Annual Report Requirements

 

Sec.  2520.103-10  Annual report financial schedules.



    (a) General. The administrator of a plan filing an annual report 

pursuant to Sec.  2520.103-1(a)(2) or the report for a group insurance 

arrangement pursuant to Sec.  2520.103-2 shall, as provided in the 

instructions to the Form 5500 ``Annual Return/Report of Employee Benefit 

Plan,'' include as part of the annual report the separate financial 

schedules described in paragraph (b) of this section.

    (b) Schedules--(1) Assets held for investment. (i) A schedule of all 

assets held for investment purposes at the end of the plan year (see 

Sec.  2520.103-11) with assets aggregated and identified by:

    (A) Identity of issue, borrower, lessor or similar party to the 

transaction (including a notation as to whether such party is known to 

be a party in interest);

    (B) Description of investment including maturity date, rate of 

interest, collateral, par, or maturity value;

    (C) Cost; and

    (D) Current value, and, in the case of a loan, the payment schedule.

    (ii) Except as provided in the Form 5500 and the instructions 

thereto, in the case of assets or investment interests of two or more 

plans maintained in one trust, all entries on the schedule of assets 

held for investment purposes that relate to the trust shall be completed 

by including the plan's allocable portion of the trust.

    (2) Assets acquired and disposed within the plan year. (i) A 

schedule of all assets acquired and disposed of within the plan year 

(see Sec.  2520.103-11) with assets aggregated and identified by:

    (A) Identity of issue, borrower, issuer or similar party;

    (B) Descriptions of investment including maturity date, rate of 

interest, collateral, par, or maturity value;

    (C) Cost of acquisitions; and

    (D) Proceeds of dispositions.

    (ii) Except as provided in the Form 5500 and the instructions 

thereto, in the case of assets or investment interests of two or more 

plans maintained in one trust, all entries on the schedule of assets 

held for investment purposes that relate to the trust shall be completed 

by including the plan's allocable portion of the trust.

    (3) Party in interest transactions. A schedule of each transaction 

involving a person known to be a party in interest except do not 

include:

    (i) A transaction to which a statutory exemption under part 4 of 

title I applies;

    (ii) A transaction to which an administrative exemption under 

section 408(a) of the Act applies; or

    (iii) A transaction to which the exemptions of section 4975(c) or 

4975(d) of the Internal Revenue Code (Title 26 of the United States 

Code) applies.

    (4) Obligations in default. A schedule of all loans or fixed income 

obligations which were in default as of the end of the plan year or were 

classified during the year as uncollectible.

    (5) Leases in default. A schedule of all leases which were in 

default or were classified during the year as uncollectible.

    (6) Reportable transactions. A schedule of all reportable 

transactions as defined in Sec.  2520.103-6.

    (c) Format requirements for certain schedules. See the instructions 

to the Form 5500 ``Annual Return/Report of



[[Page 436]]



Employee Benefit Plan'' as to the format requirement for the schedules 

referred to in paragraphs (b)(1), (b)(2) or (b)(6) of this section.



[65 FR 21083, Apr. 19, 2000]