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5500 Reporting


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Posted

SIMPLE 401(k): It appears that this type of plan is not required to file a 5500c/r (per 1997 instructions). However, the proposed 1999 Form 5500 instructions does not exclude them from filing. Is this a mistake on the instructions? Will these plans have to start filing even though they may not have filed for 1997 and 1998? What if a filing was done in the past?

Guest Gary Tencer
Posted

A "SIMPLE-IRA" under IRC 408(p), does not file Form 5500. A "SIMPLE 401(k)" does file Form 5500.

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