A company's defined benefit plan provides that, except for thos participants whose present value of accrued benefit does not exceed $5,000, upon termination of employment with a vested benefit or retirement, the employer will purchase an annuity contract to guarantee such participant's accrued benefit. Under Titles I and IV of ERISA, the affected participants cease to be participants once their accrued benefits are guaranteed by an annuity contract.

I have the following question: do we need to file a Schedule SSA for those participants whose accrued benefit is guaranteed by the purchase of an annuity contract? I looked at the instructions for Schedule SSA, but did not see anything anologous to this situation. Obviioulsly, I understand that the participant's whose accrued benefit is cashed out is not reported. Please let me have your thoughts on this.