EIN required for Sole Proprietor's 401(k) Plan?

[Guest tgraham]

Sole Proprietor uses SSN for Schedule C. Do we need a new EIN for the 401(k) Plan? Thank you.

[WDIK]

Instructions for Form 5500-EZ state (in bold), "Do not enter your Social Security Number."

[wmyer]

In other words, YES. A sole-proprietor does need an EIN for his or her 401(k) plan.

[Guest tgraham]

Thanks. We have received an EIN for the plan. Sorry to be so dense, but it appears that the SSN still goes on Line 2b, Form 5500. Is that correct?

[Earl]

are you talking about the line that says, "do not enter your Social Security number"?

[Lame Duck]

You will have two ID numbers. The number assigned to the plan is the identification number for the trust. You will need to obtain a second EIN for the plan sponsor, itself. This may be done on line at www.irs.gov.

[Guest tgraham]

Thank you Lame Duck.

[Earl]

http://www.irs.gov/businesses/small/articl...=102765,00.html

should take you there.