Archimage Posted June 10, 2003 Posted June 10, 2003 I have a plan that failed to do ADP refunds for the 2001 plan year by the statutory due date of 12/31/2002. They have corrected this by using the one-to-one correction method. Should the refunds and the QNEC be shown on the 2003 5500 or should they be reported on an amended 2001 5500?
kocak Posted June 14, 2003 Posted June 14, 2003 I haven't been able to find an answer to this either. I'm thinking if I'm "redoing" the 2001 participant reports I would amend that 5500, if I am just showing the corrections when made in 2003 I would report them in 2003 and not amend.
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