Participant Count

[Guest jefe96]

When should (or should not) line 7f of the 5500 equal line 7g?

The plan is a MPP plan with no excluded groups of ee's. This would mean that all active participants are also receiving a benefit and should therefore have an account balance at year end, right? Along SSA and retirees and a few deceased participant balances in the plan The record keeper is coming back with some variances between the numbers and we can't really figure out what the cause would be.

[JanetM]

Line f is total of active, deferred vested and deceased and beneficiaries. Line g is count of those with balance.

These normally are the same or about the same. There could be problems counting alternate payees or beneficiaries.

[Tom Poje]

if I understand your question properly the following could occur.

plan has usual 1 year wait, entry dates of 1/1 and 7/1

Fred is hired 2/2/05 works 1000 hours so enters plan on 7/1/06. however in 06 he only worked 888 hours.

it takes 1000 hours to receive a contribution, so he could be a participant and not have an account balance.

[Guest jefe96]

Entry dates are 1st of month after 1 year of service and there is no requirement on receiving contributions though.