"Final 5500" box checked, but assets are still in the plan

[Guest bdm_7458]

We've got a wierd situation...the accountant filed a "final" 5500 for 2008 for a terminated plan, but three participants had not yet taken their distributions. Those assets were still in the plan and reported on the "final" 5500 (the three participants were reported as well). Clearly we'll have to do another "final" 5500 for 2009, but must we amend the 2008 return? What will the Department of Labor do when it sees the return as filed?

[WDIK]

It is most likely that the system will catch the inconsistency and generate a letter asking for clarification.

[Guest bdm_7458]

It is most likely that the system will catch the inconsistency and generate a letter asking for clarification.

Thank you! That's helpful!