The agencies are proposing to modify the asset breakouts on the balance sheet component of the Schedule H to enable more accurate and detailed reporting on the types of assets held by a plan, including alternative investments, hard-to-value assets, and investments through collective investment vehicles. The AICPA is worried about potential unintended consequences, saying, “Sponsors that cannot afford (or are unwilling to pay for) the increased fees of plan sponsorship that result from these new requirements may decide to pass the additional costs on to plan participants. Alternatively, plan sponsors may look for options that could jeopardize the quality and accuracy of the information filed.”
February 2017
