amended 5500

[Guest geostorm]

Filing an amended 2004 5500, after affecting corrections to SCH I.

Although I've researched significantly, both on line, and "hard copy" materials, including government filing instructions, I've yet to see addressed reporting requirements RE (amended?) SAR:

- is amended SAR required? (logically, it would seem so);

- if so, form of reporting requirement?;

- if so, timing of handout to participant?

Appreciate review and feedback.

Geo

[Locust]

I'd revise the SAR and distriubte it following the amended 5500 filing - maybe with a brief note: "here is an amended SAR for 2004." The old SAR is wrong - can you consider it to be distributed if it is wrong? I don't think so.

[Kirk Maldonado]

Locust:

Do you believe that there is an obligation to distribute an amended SAR even if the change was not material?

[Guest Ira Hayes]

An incomplete and/or erroneous Form 5500 is subject to DOL penalties not to exceed $1,100 per day late. Hence, it is not outside the realm of possiblity for DOL to assess $100 daily penalties per participant (who requests a copy of a SAR) when an incomplete and/or erroneous SAR has been distributed.