No Trust EIN now needed?

[Guest jusducki]

Please confirm that only the Employer EIN is now required on the 5500 filings now that Schedule P is no longer required. Few of our plans have a Trust EIN but I want to make sure it no longer is needed for the filings. Thanks in advance

[John Feldt ERPA CPC QPA]

You may want to use one for reporting distributions, having a trust ID identify the trust of plan as the payor of the distibution, for forms 1099-R and 1098.

[John Feldt ERPA CPC QPA]

Also, the place where the funds are invested may want a trust ID number for the plan's assets.

[WDIK]

Please confirm that...a Trust EIN...[is] no longer is needed for the filings. (emphasis added)

I know of no other line than on the Schedule P where the Trust identification is reported for Form 5500 filings.

[wsp]

Please confirm that...a Trust EIN...[is] no longer is needed for the filings. (emphasis added)

I know of no other line than on the Schedule P where the Trust identification is reported for Form 5500 filings.

Schedule R...depending on where the assets of the plan are invested and how the plan is structured.

I bolded for emphasis but....from the instructions :

Enter the EIN(s) of any payor(s) (other than the plan sponsor or plan administrator on line 2b or 3b of the Form 5500) who paid benefits reportable on Form 1099-R on behalf of the plan to participants or beneficiaries during the plan year. This is the EIN that appears on the Forms 1099-R that are issued to report the payments. Include the EIN of the trust if different than that of the sponsor or plan administrator. If more than two payors made such payments during the year, enter the EINs of the two payors who paid the greatest dollar amounts during the year. For purposes of this line 2, take into account all payments made during the plan year, in cash or in kind, that are reportable on Form 1099-R, regardless of when the payments began, but take into account payments from an insurance company under an annuity only in the year the contract was purchased.

Seems to me that any time you have a Trust EIN it should go here.

[WDIK]

Schedule R

Of course you are right. Sorry for the inane post.

[wsp]

I'm just happy I was able to add something instead of always being the one to glean the information.

[John Feldt ERPA CPC QPA]

Nice posting wsp!