nan Posted March 7, 2021 Share Posted March 7, 2021 It seems that several folks responded differently about completion of the Form 5500 (EZ). Is an individual required to complete &file 2 separate 5500's one each for solo401K and DB plan when assets exceed 250K together? Link to comment Share on other sites More sharing options...
C. B. Zeller Posted March 7, 2021 Share Posted March 7, 2021 Yes. All one-participant plans of the employer are considered together to determine if the $250,000 limit is reached. Luke Bailey and ugueth 2 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co Link to comment Share on other sites More sharing options...
CuseFan Posted March 8, 2021 Share Posted March 8, 2021 Agreed, plans are combined to determine the filing threshold, but if they are required to file then each must file separately. Luke Bailey 1 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com Link to comment Share on other sites More sharing options...
thepensionmaven Posted March 9, 2021 Share Posted March 9, 2021 Agreed. Link to comment Share on other sites More sharing options...
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