Plan Merger Filings

[Guest Tad77]

What is typical practice for attaching an audit report to the Final Form 5500 for a short plan year? For example, a merger occurs on 5/31. For the plan that doesn't survive, is it typical for the auditor to complete a five month audit and attach a separate audit report to the final Form 5500 or would it be acceptable to attach the audit report for the surviving plan.

[rcline46]

Assuming a 12/31 year end, the auditor can do a 17 month audit, file as exception for 12/31/xx and attach the 17 month audit to the final 5500.

[JanetM]

Using your example. Assuming both plans are calendar year plans.

Plan B merges into Plan A on 5/31. Plan must have audit of 5 month plan year and file 5500 by 12/31 or if extended by 3/15 of the following year.

Plan A finishes calendar year and does normal 12 month filing and audit.