According to a press release, BNY Mellon Asset Servicing released a new Form 5500 Schedule R report to assist clients by reporting the beginning-of-year distribution of assets in five categories: stocks, investment-grade debt instruments, high yield debt instruments, real estate, and other asset classes.
The company said it also improved online customized data access to the following Form 5500 reports:
- Schedule of Investments at Plan Year End,
- Realized Gain Loss Report,
- Certain Investment Arrangement Report, and
- Contributions, Expenses and Transfer Detail Transaction Report.
Plan sponsors can now customize downloads of their 5500 information into industry-standard file formats like XLS, CSV and TXT.
BNY Mellon said in June it will add a report designed to help clients prepare Schedule C of Form 5500 by identifying trust payments made to service providers.
More information is at www.bnymellon.com .
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