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OppenheimerFunds' Contribution Processing System (CPS) is an Internet-based system that allows you to submit retirement plan contributions electronically and receive confirmation instantaneously.
Schedule C of the Form 5500, Annual Return/Report of Employee Benefit Plan requires detailed reporting of fees paid—directly or indirectly—to plan service providers from plan assets or participant accounts.
Special rules apply for reporting compensation on the modified Schedule C of Form 5500, which is the form that must be filed annually with the Department of Labor on behalf of your retirement plan.