stormoj1

Has Relius updated the standard report for the 5500 participant count so that active participants at the beginning of the plan year is broken out ( 5500-SF question 5d(1))? Is this coming on a future release?

Form 5310 in completing question 15a(6) do I need to include participants that entered the plan but never deferred so never received a match. No other contribution sources. Thanks.

We started receiving IRS notice CP283C it seems because we included Part III entry code "D" in our counts on line 6a & 6b. We are now being assessed $64 for each "D" that was included in our 6a $ 6b counts. Can we amend the 8955-SSA removing the "d" listings from our 6a & 6b counts and asking for an abatement of the penalty? Is there any other way of handling? Thank you for any help.

Has anyone else had the Cinninati office call Plan Sponsors regarding late contributions reported on the 5500, and then send out a letter to "facilitate informal resolution of this matter" requesting 36 months of contribution deposits and payroll records? Had 2 within the last week.

For Lump Sum distributions to residents of Michigan is the MI W4-P required, and is state withholding required based on how the MI W4-P is completed? Is the mandatory withholding only for monthly Pension and Annuity payments?

Large ESOP plan pays quarterly dividends, participants have option of receiving cash dividend directly. Dividend cut back to 1 cent per share. I now have over 500 uncashed dividend checks of amounts less than $2, any idea of what can be done with uncashed checks? Can uncashed checks be redeposited into participants account, even though they have elected cash payout of dividend?