Brian Murphy

We are using a Third party to prepare our 5500. They sent me a copy to review and I noticed in Part III 8b it shows a loss of 41,465 for 2024. Outside of the yearly contributions for 2024 I calculate a net gain for the year of $25,300. Being a newbie I want to make sure the information is accurate before we sign and file it. Am I looking at this wrong? Any help would be appreciated. thank you! Brian

thanks for the replies......we haven't been able to find out who would have been responsible for filing......the assets are held with Allianz Life since 2005 all they send is a yearly summary of account value. The last plan document we can locate was an AXA Equitable prototype from 2009.....we did reach out to them but they weren't very helpful. What would be the repercussions if the plan was termed and assets distributed without knowing for sure that all the required filings were done?

Thanks for the info.....so is there a way to check for Form 5500-EZ filings?

Hello all, Have a sole proprietor with a profit sharing plan, would like to terminate and roll funds to an IRA. In looking through paperwork it appears there may have been 2 Plan ID's used.....checked both and do not see record of any 5500 filings. Plan was established in 2005 and, until recently, had more than $250K in assets each year. Only activity are yearly RMD's. Looking for advice on how to proceed..... Thank you! Brian