What is participant count at BOY for a new Plan?

[Guest michaelv]

This may be too obvious of a question, but I have to ask anyway:

A new plan is established, effective 1/1/00, and there are 10 employees employed on that date who do not have to satisfy eligibility requirements, and enter the Plan on that date. For 5500 purposes, I presume I should report 10 participants at the beginning of the year, not zero, is that correct? Would it matter if the document was signed after 1/1/00?

If there were 101 participants, would Schedule H be required, instead of Schedule I?

Thanks

[Guest Hans Moleman]

To answer your questions in order: yes; no, as long as the effective date is the beginning of the year; yes.