Schedule R Question

[Guest persie]

This may be a ridiculous question.

Is there any reason you would file more than one Schedule R for a Form 5500?

This plan is a multiple-employer profit sharing plan. I see that the instructions say: "Multiple-employer plan filers should complete one Schedule R to report satisfaction with the coverage rules by all of the employers that participate in the plan." So far so good.

However, the person who completed the 5500 for this plan in the previous year filed a separate Schedule R for each of the employers. Is this necessary?

[Guest Sieve]

Separate Schedules R are not required for a multiple employer plan. One is all that is needed.

You might want to confirm this answer with that famed preparer of Forms 5500, R's 'R Us . . .

[J Simmons]

I agree with Larry. One Sched R is all that is needed for a MEP's 5500. My understanding is that each testing method used by any participating ER for the year reported by the 5500 should be indicated, rather than just a single method.