### Question
What is the definition of reportable transaction?


### Answer
The definition of **reportable transaction** is as follows in *29 U.S.C. § 1023*:

> a transaction to which the plan is a party if such transaction is—


(i) a transaction involving an amount in excess of 3 percent of the current value of the assets of the plan

#### Citation:
  - *29 U.S.C. § 1023*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 1-reporting and disclosure**

