Defined Contribution Plan
Report your defined contribution plan in Part 2. In addition, report your participation in a defined contribution plan in Part 3 (see Part 3 of this guide for details).
Assets within a Defined Contribution Plan – No distributions yet
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#
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Description
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EIF
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Value
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Income Type
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Income Amount
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1
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Tyler Informatics, 401(k) plan:
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No
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1.1
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ABC Diversified Bond Fund
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Yes
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$50,001 - $100,000
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None (or less than $201)
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1.2
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Xylophone Technologies Corporation (XYZ)
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N/A
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$1,001 - $15,000
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None (or less than $201)
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Final Distribution from a Defined Contribution Plan – No remaining assets
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#
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Description
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EIF
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Value
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Income Type
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Income Amount
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1
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Tyler Informatics, 401(k) plan, no remaining assets
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N/A
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cash distribution
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$17,850
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Assets within and Distributions from a Defined Contribution Plan
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#
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Description
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EIF
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Value
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Income Type
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Income Amount
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1
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Tyler Informatics, 401(k) plan:
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No
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cash distributions
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$17,850
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1.1
|
ABC Diversified Bond Fund
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Yes
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$50,001 - $100,000
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None (or less than $201)
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1.2
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Xylophone Technologies Corporation (XYZ)
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N/A
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$1,001 - $15,000
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None (or less than $201)
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For You
Part 2
Reporting Assets within a Defined Contribution Plan
Report each underlying asset of the defined contribution plan that individually was worth more than $1,000 at the end of the reporting period. Although this information is not required, it is helpful if you specify that the assets are held within a defined contribution plan.
This guide contains specific instructions for common types of assets held within a defined contribution plan (e.g., mutual funds, exchange-traded funds, stocks, and corporate bonds).
Note that OGE does not treat tax-deferred income accruing within a retirement plan as having been received because of the limitations on withdrawal and other regulatory requirements governing such plans. You, however, would report distributions as having been received. See below.
Reporting Distributions from a Defined Contribution Plan
Report a cash distribution (or distributions) that you received from a defined contribution plan if the total amount exceeded $200 during the reporting period. If the plan continues to have reportable assets and you specified that the assets are held within the plan, you may report these distributions as part of the entry for the overall plan. Otherwise, report the distributions as a separate line entry using the guidance below.
Description: Report the name of the plan sponsor and describe the type of plan. In addition, unless otherwise clear, explain whether (1) the assets of the plan are reported elsewhere or (2) the plan has no remaining assets.
EIF: Select “N/A.”
Income Type: Describe the type of income as “cash distributions” or “cash payments.”
Income Amount: Provide the exact amount of your distributed income during the reporting period.
Click Here for Frequently Asked Questions
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