late filings

[Earl]

client walked into my office this morning with his 5500 filings for the year ending 12/31/00 (due 10/15/01). [First MP, final DB (no Sch b)]

what do i look at to find how to mitigate his damage?

thanks for any guidance.

Earl

[BFree]

info re: DFVC program sponsored by PWBA

[david rigby]

http://www.dol.gov/pwba/newsroom/0302fact_sheet.html

[Earl]

thanks - very helpful. So a 5500-EZ filer has no option for relief?

[jpod]

Earl:

The precise answer to your question is that DFVC is not available for plans eligible for EZ filings.

However, the employer has a legal obligation to file, but if it files before it gets caught, it should come out smelling like a rose, or at least no worse off than having to pay something that probably is less than what would be required under DFVC.