kadvisor

Hi Paul, Correct. Is a short form. This was actually for 2023 plan year. Filing was completed on extension Answers to your bullet points below. Was not the final return, and was not elected on the 5500. Still haven't seen 2024, and am under impression there are still assets in the plan. No entry in Part III 8j, thus no reason to have entry in 13c(1) Correct that transfers are really rollovers. Which once again points to no reason to add company A While I'd expect this to not a big deal on the error, I'd like to see zero inference that company A had involvement with the company b plan or that any piece of the plan merged in. I'm guessing by default company A, (by way of purchasing company b) has some administrative tasks to do to completely close the books on plan b.

Thanks Lou. Assets were & still are currently being distributed to terminating plan participants. While some assets could/did roll over to the acquiring plan, it was participant directed vs a merger. Where there is still assets in the plan Part VII I'd expect 13b would be no, and 13c(1) should be blank. (As Plan A won't annotate Plan B's assets in the audit package as a plan merger.) Since there is still plan asset balances, would it just make sense to amend the return proactively vs a wait and see?

Have a company (a) that acquired company (b) via a stock acquisition. Company B terminated the plan prior to acquisition. It has been found that company b filed form 5500, but stated in part VII that assets were both distributed to participants, as well as transferred to A's plan in 13c(1). Would it make sense to have company b amend this return? Further any issues with company a ignoring even though company b administrators work for them?