1099-R's

[austin3515]

A sponsor (Company ABC) has two plans ("Company ABC ESOP" and "Company ABC Profit Sharing"), both with 1099-R's and federal withholding. All reporting is done on Company ABC's EIN--the Plan's have no EIN of their own.

Should one set of 1099's with the Company ABC's name AND EIN be issued? (as opposed to using the Plan names on two separate batches)

Should one 945 with Company ABC's name and EIN be filed (as opposed to the respective Plan name)?

In other words, does the Plan name show up anywhere on the 1099's or 945?

[saabraa]

My opinion is: One batch of 1099's, but some say ABC PSP and some say payor is ABC Esop. One F. 945 with employer's name, ABC Co.

[Guest Pensions in Paradise]

My opinion is to do it correctly and obtain a separate EIN for each plan.

[Lori Friedman]

My humble opinion -- obtain an EIN for each qualified trust, and use the trusts' EINs to file Forms 945 and 1099-R. The trusts are the payors.