Is there a minimum dollar value of non-cash gifts, awards, etc. for reporting purposes?
Yes. If a single non-cash gift is valued at less than $50 it is not required to be reported. Reporting is required if more than $100 of non-cash gifts are provided to a single source over a year. Gifts with a value of less than $10 do not need to be counted toward the $100 limit. Question: Do you report reimbursement to salaried employees of companies that administer the plan? If yes, what about benefits to that person? Are these reimbursable, and, if so, how is this calculated? Answer: Yes, you would need to report the salary (or portion thereof) and benefits of an employee who performed plan administration for the plan sponsor if these expenses were charged to the plan. This would be reported as compensation paid to the plan sponsor. Question: Do we need to report fees associated with a Self-Directed Brokerage Window Account? Answer: Yes. Question: On Schedule C, is it required that accrued expenses for the filing plan year be reported along with actual disbursed payments? Answer: Ye
