Statements of Employee Benefits/Trust Flashcards
1
Q
Employee benefit plans and trusts
Two Financial Statements
A
statement of net assets
available for benefits of the plan as of the end of the plan year
statement of changes in net assets
available for benefits of the plan for the year then ended
2
Q
Statement of Net Asset Includes
A
Total Assets
Total Liabilities
Net Assets reflectin all investments at fair value
Net Assets Available for Benefits
3
Q
Statement of Changes in Net Assets Includes
A
Change of Fair Value of each significant Investment
Investment Income
Contributions from Employees (Segregated btwn cash and noncash contributions)
Contributions from Participants
Contributions from Other Identified Sources
Benefits paid to Participants
Payments to Insurance entities
Administrative Expenses
