Peter Gulia Posted December 19, 2018 Share Posted December 19, 2018 A retirement plan's accounting and reporting year is the calendar year. The plan's administrator would like to file its report on 2018 as early in 2019 as it can. The administrator does not have its own filing credentials, and has in years past authorized its TPA to do the submission. Apart from the TPA's service availability, is there any about Form 5500 software that would make it impractical to file in January 2019? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
chc93 Posted December 19, 2018 Share Posted December 19, 2018 Maybe the only issue is that at this time (now), the 2018 plan year Form 5500 should not use the 2017 Form 5500 with date changes... but wait for the 2018 Form 5500 to be issued. I think this usually comes out in January. Link to comment Share on other sites More sharing options...
Kevin C Posted December 19, 2018 Share Posted December 19, 2018 For at least the 2017 and 2016 filings, the software we use had Forms 5500 and 5500-SF available January 1 (2017 Forms available 1/1/18). Form 5500-EZ was available a bit later. Link to comment Share on other sites More sharing options...
Bird Posted December 20, 2018 Share Posted December 20, 2018 We've had the forms and software and been able to file in early Jan for at least a few years. Ed Snyder Link to comment Share on other sites More sharing options...
Peter Gulia Posted December 20, 2018 Author Share Posted December 20, 2018 chc93, Kevin C, and Bird, thank you for your helpful information. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
Kristina Posted December 20, 2018 Share Posted December 20, 2018 The 2018 5500s for EFAST filings can be electronically filed on 1/1/19, but not before. There are some practical issues regarding the information to be reported on the 5500s. For instance the number of participants on the last day of the plan year and their breakdown by category as well as the plan asset accounting must be part of the 5500 filing. A review of the transactions for the year is definitely required to be able to answer the compliance questions. Only a final or short 2018 plan year can file on the 2017 forms before the 2018 forms are available and then only if the transmission to EFAST is completed by midnight on 12/31/18. Kristina Link to comment Share on other sites More sharing options...
chc93 Posted January 2, 2019 Share Posted January 2, 2019 On 12/19/2018 at 1:02 PM, Kevin C said: For at least the 2017 and 2016 filings, the software we use had Forms 5500 and 5500-SF available January 1 (2017 Forms available 1/1/18). Form 5500-EZ was available a bit later. FYI... FtWilliam has the 2018 Form 5500 and attachments up on their site today. Link to comment Share on other sites More sharing options...
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