jukeboy56 Posted January 8, 2009 Posted January 8, 2009 I see the 2008 Form 5500 instructions include something called Voluntary Alternative Reporting Option for Certain Plans with Fewer Than 25 Participants. Am I missing something, or is this much ado about nothing? I haven't analyzed the differences in detail, but it sure looks like it doesn't reduce the reporting by much.
BG5150 Posted January 8, 2009 Posted January 8, 2009 It allows you to not file Schedule D, do an abbreviated Schedule R (only if Part II needs to be filled out) and also just do an abbreviated Schedule A. That simplifies my reporting for some plans by an hour or so. Some plans have dozens of funds that are pooled separate accounts and need to be reported on Schedule D, and that can take some time to create. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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