The information contained herein is not necessarily all inclusive, does not constitute legal or any other advice, and should not be relied upon without first consulting with appropriate qualified professionals for your plan’s individual facts and circumstances. © 2011 WithumSmith+Brown, PC When is a Supplemental Schedule of Assets Acquired and Disposed of Within a Year (line 4i) required to be included with an employee benefit plan’s financial statements? How are such transactions determined? Here is a general summary of how to deal with thes e issues: Exception to Reporting - Participant or beneficiary directed employee benefit plan transactions are generally not required to have this supplemental schedule. Therefore, this exception would apply to most 401(k) and 403(b) plans. Assets Required to Be Reported - Investment assets, which were purchased at any time during the plan year and were sold at any time before the last day of the plan year shall be reported, except for the following : Any United States debt obligations Any debt obligations of a United States agency Investments under the Investment Company Act of 1940 (e.g. stocks and mutual funds) Bank certificates of deposit with a maturity of one year or less Rated commercial paper (Pursuant to the SEC Act of 1934), with a maturity of nine months or less Bank common or collective trusts Pooled separate accounts Broker-dealer investments registered on a national exchange NEED MORE INFORMATION? If you need more information regarding this or any other topic affecting your retirement plan, visit our Withum ERISA Knowledge Corner online, follow us on Twitter at WSB_ERISA or contact us at [email protected] to arrange a free consultation today. WITHUMSMITH+BROWN EMPLOYEE BENEFIT PLAN SERVICES GROUP Helping Retirement Plans “BE IN A POSITION OF STRENGTH”. SUPPLEMENTAL SCHEDULE OF ASSETS ACQUIRED AND DISPOSED OF WITHIN A YEAR by David R. Dacey, CPA, Partner, Practice Leader, WS+B Employee Benefit Plan Services Group by Sheri Wronko, CPA, Manager, WS+B Employee Benefit Plan Services Group, New Brunswick