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Showing results for tags 'Form 5500 reporting'.
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Due to error in payroll reporting, 10 employees were not allocated employer contribution for the initial plan year, i.e., a calendar year plan established in 2015. These employees are going to receiving non-elective employer contribution now, i.e., in November 2016. How do we report this contribution on Form 5500? Should it be reported on the 2015 Form 5500 or on the 2016 Form 5500. From my reading, it appears that these contribution will be part of the 2016 limit, i.e., for the purposes of 415 as well as 404. Does this limitation apply to deferrals, too? 4 plan participants deferral contribution deducted from their respective 2015 earnings were not deposited to the plan until this time . Unfortunately, from one of the participants, an HCE, $18,000 was deducted from his 2015 earning as deferral contribution but only $16,500 was deposited during 2015. The plan is correcting the error by depositing the $1,500 including the lost earnings now (October 17, 2016). Does this $1,500 count against his 2016 402(g) limit?