Professional Employee Organization -401(k)

[Guest Suegoetz]

If a PEO wants to file as a multiple employer plan (other)i.e. one master 5500 and each unrelated employer filing an abbreviated C/R, should there only be one forfeiture account? If there is a forfeiture account for each unrelated employer, should they file complete 5500's?

[Guest LARRY]

IF THE PEO HAS ONE PLAN WITH SEVERAL PARTICIPATING EMPLOYERS AND THEIR SHARE ASSETS OR FORFEITURES AMONGST THEMSELVES, THEN YOU ONLY HAVE TO FILE THE MAIN 5500 WITH A LISTING OF EACH PARTICING EMPLOYER. HOWEVER IF EACH PARTICIPATING EMPLOYER IS ALLOCATED ONLY THEIR OWN ASSETS OR FORFEITURES THEN YOU HAVE TO FILE A SEPARATE 5500 OR 5500 C/R FOR EAC AND A MAIN ONE. IF YOU HAVE A COMMON COLLECTIVE TRUST, YOU HAVE TO FILE WITH THE DOL AS WELL.