Does Traditional IRA Rollover into 401k plan require Form 5498?

[legort69]

Is a TPA required to prepare a Form 5498 for a traditional IRA Rollover into a 401k plan? I ask this because I am becoming aware that we have participants who make this request with their IRA Custodian but the Custodian will only issue the check directly to the participant - unless a TOA request is made in advance (in this case it was not). I gather that the participant will have a taxable event and no 5498 to offset the timely rollover into the 401k.

Thanks for your response.

[Guest LVanSteeter]

IRA accounts provide 1099R on redemption and 5498 on receipt of funds.

401(a), 401(k), 403(b) plans provide a 1099R on redemption but DO NOT provide a 5498 on receipt of rollover funds.

We advise participants to keep a copy of the statement showing the rollover amount stapled to the 5498 just in case a question arises.