Guest ewhitmore Posted December 3, 2009 Report Share Posted December 3, 2009 A one=person plan has no assets, and never made any contributions to a plan. The employer/trustee did sign the adoption agreement to start the Plan. Must the Plan be terminated (i.e. amendment to doc, final 5500-EZ)?? Thanks Link to comment Share on other sites More sharing options...
Lou S. Posted December 4, 2009 Report Share Posted December 4, 2009 I would argue no since the "plan" never had any assets. Link to comment Share on other sites More sharing options...
JanetM Posted December 5, 2009 Report Share Posted December 5, 2009 I agree with Lou unless they applied for EIN for trust. JanetM CPA, MBA Link to comment Share on other sites More sharing options...
justanotheradmin Posted May 3, 2016 Report Share Posted May 3, 2016 I have this circumstance, and the plan did apply for and receive an EIN for the trust - anyone have a different answer? I'm a stranger on the internet. Nothing I write is tax or legal advice. I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say? Link to comment Share on other sites More sharing options...
Bird Posted May 4, 2016 Report Share Posted May 4, 2016 I wouldn't worry about it. That is, I would not formally terminate it nor file a return. Ed Snyder Link to comment Share on other sites More sharing options...
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