I'm back for more...hopefully you don't get tired of all my questions!
This time it concerns the Schedule I of the 5500. How should forfeitures be recorded? They have not been distributed from the plan and they are from distributions in the current year so they would still be plan assets, right? Previously, I believe we just reduced the losses to make the numbers tie out. I didn't have the most thorough (or correct) teacher the first time around and want to make sure I am doing it right! (BTW, I plan on going to a seminar soon so hopefully that will help with some of these basic questions in the future).
One last question for now... in the past I was told to put any gains/losses in "Other Income" (Line 2c) but cannot find anything in the instructions regarding this line! Is this common practice?
Thanks again for your help!
Rachel