Help - Search - Members - Calendar
Full Version: incorrect Plan number
BenefitsLink Message Boards > Retirement Plans > Defined Benefit Plans, Including Cash Balance
HiVi
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
Does the client have another active plan? If so, could there be confusion with the filings based on the respective plan numbers?
HiVi
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
Personally, I would correct it on a prospective basis...
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2010 Invision Power Services, Inc.