5500 mailed w/o contribution being sent?

[Guest rachd]

What do I do if an employer mailed their 5500 before the employer profit sharing contribution was sent in to the plan?

I was told by their accountant that they wanted to do their deposit ASAP. So, we sent over their contribution amount to be sent in, waited a few weeks and then sent over the 5500. My intention was to wait to receive a confirmation of the deposit but figured if there were any changes in plans, they would have notified us.

If he did send it (he has to check with his assistant), does he have to make the contribution immediately? Or is there some way to put him on extension and/or do an amended return later (pretend the first didn't exist?). Just looking for what our options are....

Thanks,

Rachel

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