Free 2008 Form 5500 Schedule E - Federal

Attention:
Telephone requests for the forms, schedules, and instructions for the 2008 Form 5500-series will not be filled until December 10, 2008. Requests for the 2008 Form 5500-series products can be made on the Internet (see below) beginning December 10, 2008. Requests made prior to that date will be filled with the 2007 version of the products. The product you are about to view is provided for information purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The Forms 5500 and 5500-EZ (and related schedules) are printed on special paper with dropout ink so they can be processed by the computerized processing system "EFAST." These forms and schedules may be obtained by calling 1-800-TAX-FORM (1-800-829-3676). Be sure to order using the IRS form number. Note: You can also use the Internet link Forms and Publications by U.S. Mail to request a limited number of these forms and schedules. Check the Department of Labor's website at www.efast.dol.gov for additional information concerning the processing system, electronic filing, software, and "non-standard" filings. Note: There is no Schedule B (Form 5500) for filing 2008 plan year actuarial information. Instead, file the 2008 Schedule MB (Form 5500), Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Actuarial Information, or the Schedule SB (Form 5500), Single-Employer Defined Benefit Plan Actuarial Information, as applicable. For only plan year 2008 filings, paper Schedules MB and SB are provided in the format presented for completion by pen or typewriter. ________________________________________________

SCHEDULE E (Form 5500)
Department of the Treasury Internal Revenue Service

ESOP Annual Information
Under section 6047(e) of the Internal Revenue Code


Official Use Only

OMB No. 1210-0110

File as an attachment to Form 5500 or 5500-EZ.

This Form is NOT Open to Public Inspection.

2008

For calendar plan year 2008 or fiscal plan year beginning
A Name of plan

MM / D D / Y Y Y Y

and ending
B

MM / D D / Y Y Y Y
Three-digit plan number

US E

FO

R

C

Plan sponsor's name as shown on line 2a of Form 5500 or 5500-EZ

D

Employer Identification Number

FI LI NG



Yes

No

If "Yes," answer line 1b. (Also, "2Q" must be entered on Form 5500, line 8a.)

SE

b Did the employer maintaining the ESOP pay dividends (deductible under section 404(k)) on the employer's stock held by the ESOP during the employer's tax year in which the plan year ends? ............................................ If both line 2a and line 2b are "No," DO NOT complete any other questions on this schedule. Attach the schedule to the Form 5500 or 5500-EZ you file for your ESOP plan.

S

O

NL

2a Did the employee stock ownership plan (ESOP) have an outstanding securities acquisition loan within the meaning of Code section 133 during the plan year? .....................................................................................................

Y,

D

b Were any prohibited allocations of securities in an S corporation made to any disqualified person? .........................................

O

NO

1a Is the ESOP maintained by an S corporation? ...............................................................................................................................

T

5

If unallocated employer securities were released from a loan suspense account, indicate below the methods used: a b c Principal and interest (Excise Tax Regulations section 54.4975-7(b)(8)(i)); Principal only (Excise Tax Regulations section 54.4975-7(b)(8)(ii)); Other (attach an explanation)

RM

AT

IO

NA

L

PU



4

If the ESOP holds preferred stock, under what formula(s) is the preferred stock convertible into common stock of the employer corporation? ..........................................................

RP

3

What is the total value of the ESOP assets? .........................................................







.00

O



Yes

No

7a Was the ESOP loan part of a "back to back" loan? (See instructions for definition of "back to back" loan.) ............................ b If line 7a is "Yes," are the terms of the two loans substantially similar? ....................................................................................... c Do the two loans have the same amortization schedule? If "No," attach an explanation of how the amortization schedules differ .......................................................................................
For Paperwork Reduction Act Notice and OMB Control Nos., see the inst. for Form 5500 or 5500-EZ. Cat. No. 12349Y Schedule E (Form 5500) 2008

FO

R

If the ESOP or the employer corporation has one or more outstanding securities acquisition loans intended to satisfy Code section 133, complete lines 7 through 12, otherwise skip to line 13.

IN

FO

6

Were unallocated securities or proceeds from the sale of unallocated securities used to repay any exempt loan (within the meaning of Code section 4975(d)(3))? If "Yes," attach a description of the transaction ............................................

1

3

0

8

0

0

0

1

0

D
v11.3

Schedule E (Form 5500) 2008

Page

2
Official Use Only

Yes 8 Is the loan an immediate allocation loan as defined in Code section 133(b)(1)(B)? ....................................................................

No

9a What was the date of the securities acquisition loan? ..................................................................

MM / D D / Y Y Y Y



b At all times after the acquisition of the employer securities with the loan proceeds, did the ESOP own more than 50% of: (i) each class of outstanding stock of the employer corporation, or (ii) the total value of all outstanding stock of the corporation? ......................................................................................................

d If line 9c is "No," enter the name and address of payees to whom interest with respect to securities acquisition loans was paid.

Name Street

Y,

D

City

O

NO

T

State

US E

FO

Zip Code

R

c If line 9b is "No," does the securities acquisition loan satisfy one of the transition rules of Act section 7301(f) of OBRA 1989 or satisfy the exception in Code section 133(b)(6)(B)(ii)? (See instructions for explanation of transition rules.) ..............

FI LI NG

Yes

No

NL

10

What was the amount of interest paid on the securities acquisition loan? ............






Yes

.00
No

12a Were any of the ESOP's securities acquisition loans refinanced during this reporting period? ..................................................

14 15 16

Did the employer make payments in redemption of stock held by an ESOP to terminating ESOP participants and deduct them under Code section 404(k)(1)? ..........................................................................................

FO

If the answer to line 14 is "Yes," were the dividends paid with respect to employer securities that satisfy the transition rules of Act section 7302(b)(2) of OBRA 1989? .............................................................................................................

R

IN

If dividends deducted under Code section 404(k) were used to repay an exempt loan, were any dividends used to repay the loan generated by securities that were not acquired with the proceeds of the loan being repaid? ........................

FO

b Is the amount paid a dividend under applicable state law? ...........................................................................................................

RM

13a Did the amount of the dividends paid exceed the employer's current or accumulated earnings and profits within the meaning of Code section 316? ............................................................................................................................

AT

IO

If the employer maintaining the ESOP deducted dividends under Code section 404(k), answer the questions on lines 13 through 16, otherwise skip to line 17.

1

NA

b If line 12a is "Yes," does the refinancing meet the requirements of Act section 1602 of SBJPA 1996? ....................................

3

L

PU

0

RP

b If line 11a is "Yes," does one or more of the exceptions provided in Code section 4978B(d) apply to all dispositions of employer securities? .............................................................................................................................

8

O

SE

11a Were any securities disposed of within 3 years after the plan acquired section 133 securities in a taxable event described in Code section 4978B(c)? ..............................................................................................

0

S

O
0 0 2



0

E

Schedule E (Form 5500) 2008

Page

3
Official Use Only

Yes 17a Were any dividends subject to an election by participants or their beneficiaries under Code section 404(k)(2)(A)(iii) to reinvest the dividends in employer securities? ................................................................ If "Yes," answer lines 17b and 17c. If "No," skip to line 18a.

No

c Are dividends reinvested in employer securities pursuant to the election fully vested? ..............................................................

FO

R

IN

FO

RM

AT

IO

1

NA

3

L

PU

0

RP

8

O

SE

0

S

O

0

NL

0

Y,

D

3

O

NO

0

T

US E
F

FO

R

FI LI NG

b Did the election comply with the requirements of Notice 2002-2? ................................................................................................

Schedule E (Form 5500) 2008

Page

4
Official Use Only

18 (a)

Complete the following information for each class of stock owned by the ESOP: (b) Class of stock Common stock (C) Preferred stock (P) (c) Readily tradable* Yes (Y) No (N)



FI LI NG

(d) Dividend rate during plan year** (f) Dividends used to repay exempt loan

.

(e)

%
(1) allocated stock

Dividends paid to participants***





.00 .00

(2) unallocated stock

US E

FO

R







.00
(b)







(a)

Class of stock

Common stock (C) Preferred stock (P)

(c)

Readily tradable* Yes (Y) No (N)

(f)

NL

Dividends used to repay exempt loan

(1) allocated stock

Y,

D

(d) Dividend rate during plan year**



.

O

(e)

%

Dividends paid to participants***

NO

T







.00

(2) unallocated stock

SE

S

O







.00
(b)


Common stock (C) Preferred stock (P)





.00

(a)

Class of stock



%

NA

(d) Dividend rate during plan year** (f) Dividends used to repay exempt loan

PU

RP

O

(c)

Readily tradable* Yes (Y) No (N)

.

L

(e)

Dividends paid to participants***







.00 .00 .00 .00

IO

(1) allocated stock

(2) unallocated stock

AT

R

IN

Totals of dividends reported on lines 18(e) and (f) for all classes of stock (including any reported on attachments, see instructions)

FO

RM






(e)

.00







Dividends paid to participants***









FO

(f)

Dividends used to repay exempt loan

(1) allocated stock

(2) unallocated stock







.00







* If the stock is readily tradable on an established securities market within the meaning of Code section 409(l), enter "Y," otherwise enter "N." ** Dividend rate paid for each class of stock during the plan year. *** Dividends paid directly to or distributed to participants.

1

3

0

8

0

0

0

4

0

G