austin3515 Posted January 22, 2021 Share Posted January 22, 2021 --> Error: Another payee has the same TIN and Distribution Codes. It comes up when the plan has a 401k distribution and a cash balance plan distribution. Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
Bill Presson Posted January 22, 2021 Share Posted January 22, 2021 Shouldn't each plan have their own TIN? William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070 Link to comment Share on other sites More sharing options...
austin3515 Posted January 22, 2021 Author Share Posted January 22, 2021 We use the sponsors ein for everything and always have. If anyone else is reading the better method of doing this is using the "EIN and Plan Number" method of matching up, as opposed to just the TIN. The latter it's too hard to line everything up. Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
Mike Preston Posted January 23, 2021 Share Posted January 23, 2021 6 hours ago, austin3515 said: We use the sponsors ein for everything and always have. If anyone else is reading the better method of doing this is using the "EIN and Plan Number" method of matching up, as opposed to just the TIN. The latter it's too hard to line everything up. Especially when you have multiple plans in a singular trust. That is, the XYZ Inc retirement trust. Link to comment Share on other sites More sharing options...
austin3515 Posted January 23, 2021 Author Share Posted January 23, 2021 Another thing to watch out for if you're using that method is to make sure that you look for any duplicates of plan # or EIN, which is common when doing final 5500s for example. Things can get messy very very quickly. It actually took me hours to fix it, so now I know going forward. Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
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