Below Ground Posted December 10, 2008 Posted December 10, 2008 Currently, this 403(b) only has Employee Deferrals. However, in the past, it did have an Employer Nonelective. Assuming that in all other respects this plan would qualify as exempt (no control by employer, etc...), does this plan need a full 5500 in 2009 given one deposit of Employer Nonelective several years ago. My initial response is yes, it must file a full 5500. In fact, I believe that ever year including and after that year of deposit of the employer contribution needed a 5500 (limited). Does this sound right? 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
J Simmons Posted December 11, 2008 Posted December 11, 2008 I agree, Below Ground, since the TSA program could not be said to be 'entirely funded with EE contributions' given that there were ER contributions in that TSA program's past. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
Below Ground Posted December 11, 2008 Author Posted December 11, 2008 Thanks. I was pretty sure of that, but getting a second is always nice. Thanks. 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 Moona Posted December 11, 2008 Posted December 11, 2008 Thanks. I was pretty sure of that, but getting a second is always nice. Thanks. Sounds like you've already gotten comfortable with your response, but I wanted to say that I agree. I think once ERISA, always ERISA.
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