What this schedule is for
Schedule H is the detailed financial-information schedule generally associated with plans filing the full Form 5500 rather than the small-plan financial schedule.
Preparation checklist
- Reconcile beginning and ending assets and liabilities to the plan books.
- Prepare income, expense and benefit-payment totals before entering the schedule.
- Coordinate accountant/audit information and attachments when applicable.
- Review line-by-line instructions for reportable transactions and required supplemental schedules.
How it fits into the Form 5500 workflow
Schedule requirements are driven by the plan's facts, funding arrangements and filing type. A good preparation process starts with the main Form 5500 or Form 5500-SF determination, then adds only the schedules required by the current instructions.
Do not rely on the schedule name alone. Review the current Form 5500 instructions and the schedule-specific instructions for the filing year before deciding whether the schedule is required.