How should 5500 be completed when a correction is pending?

[John A]

When a plan sponsor is using an IRS correction program and has filed with the IRS to determine the appropriate correction, how should the 5500 be completed while the appropriate correction is pending? Should the 5500 reflect the expected correction, or should the 5500 be completed ignoring the expected correction? Should the 5500 later be amended once the correction is completed?

[Belgarath]

Since Revenue Procedure 2001-17, which governs the EPCRS programs, is silent on this issue as far as I know, then I'd say you file as is, then file an amended 5500 as appropriate. But I'd also call the PWBA first to se what they say.