A description of a qualified plan's insurance contract may be found in which ERISA reporting form?

A qualified plan's insurance contract is typically documented and reported through the Annual return/report, known as Form 5500. This form is utilized for various employee benefit plans, including pension and welfare plans, to report financial information and details about the plan’s operations. It is designed to provide the federal government, particularly the Department of Labor, with relevant information about the plan's compliance with ERISA (Employee Retirement Income Security Act) requirements.

Form 5500 contains essential disclosures regarding the plan, including assets, liabilities, insurance contracts, and the specifics of plan funding. It serves as a valuable resource for ensuring transparency and accountability in how employee benefit plans are managed.

The other options, while they may pertain to other types of reports or tax filings, do not provide the specific insurance contract details of a qualified plan as required under ERISA. The shareholder's report and IRS Form 1040 are unrelated to the reporting of qualified employee benefit plans, while the Summary report (Form 6500) is not a standard form associated with the administration or reporting of qualified plans.