AlbanyConsultant Posted March 19, 2018 Report Share Posted March 19, 2018 I've got a small plan (<10 participants in self-directed brokerage accounts) that was paid out in 2016, and we filed a final 5500 for it in 2016. Just got a statement for January 2018 that there was a fee refund of $2K to the doctor (and him only), so the account was reopened by the brokerage firm and then immediately paid out to him with withholding. Great! Brokerage firm also remitted withholding and will prepare the 1099-R. Our initial thought is that since it was a plan account, it still is a plan account and therefore this transaction is a transaction in the plan. So it needs to be reported on a 5500... probably an EZ, since there's only one participant in the plan for 2018. But then we just skip 2017 altogether? Any thoughts or ideas are appreciated, thanks. Link to comment Share on other sites More sharing options...
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