Plan termination/5500 Form/short plan year apply

[Guest hog4you2]

I have a terminated plan with a PYE of 9/30/04. All participants were paid out in November-December 2004. Does this create a short plan year for the 5500 form? Or does the plan need an amendment? How should the form be dated?

thank you

Dana

[JanetM]

yes it does. you have to continue to file 5500 until assets are zero. Not an issue unless plan needs audit. participant count and assets are zero, only numbers are distributions and earnings.

Use the date the assets went to zero to figure the due date of short year filing.