Form 6088

[Guest OfficialNerd]

I am working on a Plan Termination form 6088. This form requests the top 25 participants in order by their three year average comp. My problem is that this is a dollar per year plan, therefore no comp history was provided. Is it necessary to fill out collumn (e) on the 6088 for dollar per year plans? If not then how would I determine the top 25 EEs?

Thank you!!

[Mike Preston]

I am working on a Plan Termination form 6088. This form requests the top 25 participants in order by their three year average comp. My problem is that this is a dollar per year plan, therefore no comp history was provided. Is it necessary to fill out collumn (e) on the 6088 for dollar per year plans? If not then how would I determine the top 25 EEs?

Thank you!!

The purpose of the compensation information is to allow the IRS to both check the reasonableness of the benefits and to ensure that non-discrimination isn't an issue. If you really can't get the information, I would submit it without it and annotate the 6088 with an explanation as to why the information isn't being provided.

Don't be surprised if the IRS accepts it.

Don't be surprised if the IRS rejects it.