Guest pjrieck Posted July 31, 2002 Posted July 31, 2002 Is a plan exempt from filing an IRS Form 5500 (sole proprietor with less than $100,000 in assets) on an ongoing basis required to file a final IRS Form 5500 when the plan terminated or merged?
pmacduff Posted July 31, 2002 Posted July 31, 2002 From the EZ Instructions: Pretty clear cut: "Note: All one-participant plans must file a Form 5500-EZ for their final plan year even if the total plan assets have always been less than $100,000. The final plan year is the year in which distribution of all plan assets is completed..." FYI - the BOLD items are emphasized in the instructions, not my emphasis!
Guest pjrieck Posted July 31, 2002 Posted July 31, 2002 Thanks. I should have reviewed this before posting the message.
pmacduff Posted August 1, 2002 Posted August 1, 2002 no problem - sometimes it's nice to have a message thread that is so easily answered!
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