Cash Balance Pension Plan

Report a cash balance pension plan in Schedule A, and report your participation in the plan in Schedule C, Part II. Report a cash balance pension plan in which your spouse participates in Schedule A only. 

Cash Balance Pension Plan: Examples

For You

Schedule A

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.

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

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

Block C: If you are receiving payments, write “retirement payments” in the “Other Income” column and provide either the monthly or annual amount that you receive (e.g., “$36,000” or “$3,000/mo”). If you received a lump sum distribution, write “lump sum” and the actual amount of the distribution in the “Other Income” column. Finally, if you have not yet received payments, mark the column labeled “None (or less than $201).”

Schedule C, Part II

You also need to report your participation in a cash balance pension plan in Schedule C, Part II.

Terms: Identify the plan as a cash balance pension plan and indicate whether you will continue to participate in the plan or receive a payout. Because the employer will not make further contributions after the current year, state that no further contributions will be received from the employer.

Parties: Provide the name of the employer as well as the city and state in which the employer is located.

Date: Provide the month and year in which you began participating in the plan. This often is the date you became an employee of the organization.

For Your Spouse

Schedule A

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 your spouse received more than $1,000 in retirement payments during the reporting period.

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

Block B: Report the value of the plan by marking the appropriate column. The value is the dollar value indicated in the statement that the plan’s administrator has provided to your spouse.

Block C: If your spouse is receiving payments or received a lump sum distribution, write “spouse’s pension” in the “Other Income” column. If your spouse has not yet received any payments, mark the column labeled “None (or less than $201).”

Schedule C, Part II

Do not report your spouse’s cash balance pension plan in Schedule C, Part II.

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This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.