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Incorrectly coded Section for pension benefit descriptions


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Guest Enda80
Posted

http://www.ftwilliam.com/PDF/Sample5500.pdf

One page 2 of this file, section 8, the part appears called Pension Benefits. What would happen if you filled that out improperly? What avenues of recourse or retraction would remain possibilities?

http://www.irs.ustreas.gov/pub/irs-access/..._accessible.pdf

http://books.google.com/books?id=Nj3avDAvS...hl=en#PPT178,M1

These are the codes that I refer to. Plan Characteristics Codes

http://books.google.com/books?id=Nj3avDAvS...hl=en#PPT178,M1

http://www.freeerisa.com/instruction/2005/2005-5500inst.pdf

So, what happens if you put in the wrong Plan Characteristics Codes?

Posted

Why not file an amended 5500 for that year?

Having braved the blizzard, I take a moment to contemplate the meaning of life. Should I really be riding in such cold? Why are my goggles covered with a thin layer of ice? Will this effect coverage testing?

QPA, QKA

Guest Enda80
Posted
Why not file an amended 5500 for that year?

So there would be no other consequences?

Posted

What other consequences did you have in mind?

Posted

File an amended return and be done with it. If you get EBSA letter simply explain the codes were wrong and you fixed them.

JanetM CPA, MBA

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