John A Posted October 20, 1999 Posted October 20, 1999 I have several questions regarding completing the 5310 for a profit sharing 401(k) plan termination. The plan terminated and the sponsoring employer was sold during 1998. Account balances have not been paid out yet. 1. Should the "current year" on lines 13b and 16 be 1999(now) or 1998 (the year plan was terminated and company was sold)? 2. On line 9d, should the "last contribution to the plan" take into account 401(k) deferrals and/or match, or just profit sharing contributions? 3. On line 16a, should "Employer contributions" take into account 401(k) deferrals and/or match, or just profit sharing contributions? 4. On line 13b, since business was sold during 1998, should line 13b(5) be 0 for Number at end of plan year? 5. Participants terminated during 1995 with less than 100% vesting, but their balances have not yet been paid out. They were made 100% vested when the plan terminated. Should these participants be counted on line 13b(6) and an attachment done, or can line 13(B)(6) be 0 for 1995 since they were made 100% vested on plan termination? Help with any or all of the above would be much appreciated. Thanks.
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