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termination of DC plan


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Posted

what IRS forms are necessary to close down DC money Purchase plan.

5500EZ ??? 5500? any others??

Funds will be rolled over into IRA accounts

Husband and Wife only participants

Posted

Even if the plan was EZ with less than $100K, you still have to file final 5500.

Don't forget the proper amendments/resolutions need to be done also.

JanetM CPA, MBA

Posted

...and election forms, and tax notice, and 1099's, and amendments that bring the plan into compliance with any recent legislation (if any), and possibly an IRS submission (optional). Honestly, if you are asking the question, which is good, then continue the goodness by paying someone that knows all of this.

"What's in the big salad?"

"Big lettuce, big carrots, tomatoes like volleyballs."

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