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125 Plan


Jilliandiz
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Guest b2kates

for a 125 plan, you do not have to file, form 5500 Schedule F was removed; however if the underlying plan has more than 100 participants then a 5500 is required.

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requirements for form 5500 filing is no later than the last day of the 6th month following the end of the plan year.

The number of participants is fewer than 100 on any day within the plan year. Plans with fewer than 100 participants are not required to file every year, but periodic filling is required, every 5yrs?

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requirements for form 5500 filing is no later than the last day of the 6th month following the end of the plan year.

You probably meant to type a 7 instead of a 6.

but periodic filling is required, every 5yrs?

While I admit I am not an expert on 125 plans, I do not think there is such a requirement.

...but then again, What Do I Know?

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Yes, last day of the 7th month.

I'll research if there's been any change in the perodic reporting.

Edited: the filing exemption eliminated any reference to periodic reporting requirements. Also to clarify, the exemption for plans with fewer than 100 participants on the first day of the plan year.

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