Report your cash balance pension plan in Part 2.  In addition, report your participation in a cash balance pension plan in Part 3 (see Part 3 of this guide for details).

For You

Part 2

Report a cash balance pension plan if the value of the plan was more than $1,000 at the end of the reporting period or if you received more than $200 in retirement payments during the reporting period.

Description:  Report the name of the employer providing the plan and write “cash balance pension plan.”

EIF:  Select “N/A.”

Value:  Report the value of the plan by marking the appropriate category.  The value is the dollar value indicated in the statement that your plan’s administrator has provided to you.

Income Type:  Specify the type of income if the total amount of income during the reporting period exceeded $200.  Describe regular payments as “retirement payments” and indicate whether you are providing the monthly or annual amount.  Describe a lump-sum distribution as “lump sum.”

Income Amount:  The level of detail required for income depends on the amount and type(s) of income.

(1) Income less than $201:  Select the category for “None (or less than $201).”

(2) Regular payments:  Provide either the monthly or annual amount that you receive.

(3) Lump-sum distribution:  Provide the exact amount.

Click Here for Frequently Asked Questions