ratherbereading

The EZ is still not applicable in this situation.

I don't agree. The Form 5500-EZ is generally limited to a one-participant plan, meaning a plan that covers only: The business owner (or owners/partners), and/or The owner's spouse. In your situation: The plan sponsor is an S corporation. The owner is not a participant. The plan covers the owner's four children. Because the participants are employees other than the owner and spouse, the plan is not a one-participant plan eligible for Form 5500-EZ. The plan would generally be subject to ERISA Title I reporting and should file Form 5500 or Form 5500-SF (assuming it otherwise qualifies for the short form). One question to confirm: Are the four children actually receiving W-2 compensation from the S corporation and participating as employees? If so, I am comfortable concluding the plan cannot use Form 5500-EZ.

We typically do #3.

No issue with that.

I think it would be as long as it has a bathroom/kitchen, etc.

Starting January 1, 2026, employees aged 50+ who earned over $150,000 (FICA wages) in the prior year must make all 401(k), 403(b), or 457(b) catch-up contributions on a post-tax Roth basis.

Thanks, David. Yes, the plan allows for rollovers from another qualified retirment plan or an IRA. The document does not address returns.

I should know this - but, a plan participant in a 401k plan took a full distribution in February as she was a terminated participant then. She is returning to work now and wants to return the funds to her NW account. She was 100% vested. Is this possible? I am thinking no. TYIA!

If their balance is under $200 we automatically cash them out per the doc and SPD. Most of it goes to fees. No special notice to participants.

Does the company use a TPA? If so, they may have a compliance department that can handle the correction.

I think yes. See below from DWC- the 401k Experts (their wording, not mine):

Would anyone happen to have a 401(a)(4) test on an Excel spreadsheet? I had one a math/Excel genius put together years ago but it's not working correctly. It saved time from entering and reentering numbers into Relius. TYIA!!

Agree - not a severance of employment.

Not for a large plan audit. Everything can be onde via email. I think you are referring to a plan being audited by the DOL/IRS, not an audit because the plan is a large plan. Totally different things.

I agree with what people have already said. And "brilliance" in one field doesn't necessarily transfer to "brilliance" in another field. I was a literary agent in another life and everyone thought their book would be an instant bestseller. Hah! Nope.