HiVi
Apr 27 2009, 01:33 PM
A client of mine, we just recently discovered that we had been filing Schedule B for 10 years with an incorrect Plan Number, though EIN was correct. The client prepares their own Form 5500, and so it look like it is only the Schedule B plus PBGC Form 1/Schedule A that had been filed with the incorrect PN. Do we need to file amended Schedule B for 10 years? How about PBGC Form 1/Schedule A?
Hope somebody have had the same experience dealing with the issue.....
WDIK
Apr 27 2009, 03:29 PM
Does the client have another active plan? If so, could there be confusion with the filings based on the respective plan numbers?
HiVi
Apr 27 2009, 04:03 PM
They do have a 401k plan, but the plan sponsor only has one qualified db plan for which a Schedule B (and PBGC Form 1 and Schedule A) is required.
WDIK
Apr 27 2009, 04:44 PM
Personally, I would correct it on a prospective basis...
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