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EE opts out of plan--how to count on 5500


BG5150

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We have an Employee who has properly opted out of a 4019k) plan.

I know he is counted as includable and not benefiting for coverage.

But how do I count him for 5500 purposes?  Is he a participant for 5a-b?  What about 5d(1) and (2)?

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

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2 hours ago, BG5150 said:

We have an Employee who has properly opted out of a 4019k) plan.

At the risks of assuming facts not in evidence...

You mean, he signed an irrevocable waiver before entering?  Then he is not a participant and not counted at all.

Ed Snyder

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