Alex Daisy Posted May 27, 2009 Posted May 27, 2009 A 401(k) Plan has a participant that terminated in 2005 and they still have an account balance as of 12/31/08. My question is where to report them on Form 5500. Line 7b or 7c 7b = Retired or seperated participants receiving benefits 7c = Other retired or seperated participants entitled to future benefits. I am thinking since they have not requested a distribution yet, they are entitled to future benefits and should be reported on line 7c. Is this corrrect?
BG5150 Posted May 27, 2009 Posted May 27, 2009 I always put people who are receiving installment payments in b, and all others in c. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Bill Presson Posted May 27, 2009 Posted May 27, 2009 I always put people who are receiving installment payments in b, and all others in c. Same here. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
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