AllThingsForGood

I have a client (small plan, 401(k)) for whom I have e-filed the 5500SF each year. They no longer use my services, and wish to file an amended 2022 Form 5500-SF. Can they: create EFAST filing credentials, then immediately file an amended 5500? I imagine the answer is "yes", but I am totally unfamiliar with that process, since I file all of my clients' 5500s myself. Thank you!

CuseFan, thank you so much. Your answer is extremely helpful. I absolutely would ask for the CPAs direction - but I wanted a basic understanding for my initial meeting with the client. I appreciate this.

How can a company’s owner “use up” his Retained Earnings by utilizing/opening a qualified retirement plan? I know a tiny bit about accounting, and I have a potential client (architect) who wants to reduce his RE by opening a Profit Sharing/Cash Balance combo. He's 59 years old. Advice? Knowledge? Thank you!