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Just want to chime in on this topic.....IRS Auditor sanctioned my DC client, EZ filer $15,000 (reduced from her original sanction of $25,000) for failure to value a real estate investment at fair market value. This "failure" created no harm to anyone and RMD's were not an issue. She threatened plan disqualification, not to go away and would find something else if the plan sponsor didn't "accept" the sanction. She picked up her $15,000 check (9/30/13 as I recall) and went on furlough that evening! Good advice from Larry! Qualified plans are NOT the place for non-traditional assets.

Larry Starrr: Thanks for the education. Were you also voted Mr. Congeniality of the Year?

Is ignoring it completely a possibility under EPCRS guidelines? (This wouldn't resolve a Title I claim by the employee, but c'mon . . . .)

If the 5500-SF is filed as a single participant plan (to mimic a 5500-EZ) the 5500-SF is not on the EFAST public website and it not open to the public.... just like the 5500-EZ.

Larry Star: Yes, it's a bit problematic, but no need to be so dramatic. Should he have dipped his toe in the water with this investment outside of the plan? That probably would have been best, but what's the point in making a speech about this? Bird is just looking for some suggestions of how to make the best out of a bad situation. Bird, is $15K what he paid for it, or is it what he seems to think it is worth now?