Guest LWilson Posted July 22, 2002 Posted July 22, 2002 Pardon my 403(B) ignorance - this is my first. We have a client that put a 403(B) in place in December 2001. We have been asked to complete their 2001 5500, and I understand 403(B)s just don't fall under the same complex rules that ERISA plans do. Do we need to complete a Schedule P? Do we need to complete a Schedule T? Do we care about bonding? What do we care about in the filing? What don't we care about? Thanks.
Ellie Lowder Posted July 22, 2002 Posted July 22, 2002 Info in those instructions says: No schedules, no accountant's opinion - answer questions 1-5 and 8 only. (So easy, many employers prefer to do their own rather than paying to have it done - unless done pretty inexpensively) Incidentally, if this is not a 403(B) ERISA plan, no 5500 at all - I mention that because some governmental groups were told (by those who should know better) that a 5500 is required for the 403(B) plan. Not true.
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