if assets aren't valued by 10/15, how to file 5500?

[Guest SuzieQNEC]

There is a 401k plan I am starting to work on. There is one set of investments that do not get valued until after the 5500 is due. The cpas therefore do not sign off on the financials until after 10/15.What is the best way then to file 5500?

[rcline46]

I don't see how it is not possible to have all assets valued by 10/15. Someone is falling down on the job.

[Guest SuzieQNEC]

They are Limited Partnerships.

[K2retire]

The valuation of a limited partnership is not the same as their K-1. Whoever is ordering the valuation should be specifying a due date for it.

[Guest Sieve]

In answer to your question--assuming there is no independent audit required--can't you just file by the extended due date, and then file an amended return later? Or, could you value the limited p'ship at cost?

Don't know what to suggest if the plan requires an indpendent audit, because filing without the audit does not produce love letters from the IRS/DOL. The amended return route--adding the audit to an amended return--still ought to work, however.