Employer Contribution Not Reported on 2005 5500

[MBCarey]

I just discovered that a 2,151 employer contribution was not included on the 2005 Form 5500 for one of our plans. The deposit was for the account of a deceased participant whose bene had been paid out previously, but the participant was due a contribution which is not usually made until May of the following year. The deposit was not taken into account when the valuation was done so when the 5500 was done (on an accrural basis) the additional deposit was not included. The deposit was made and immediately paid out to the beneficiary. The deposit was made in 2006 and was recorded on the 2006 tax filing for the client rather than the 2005.

Do you think we need to amend the 2005, 06, 07 returns or is there anyway to account for this in the current filing. Would we need to complete all the schedules to do this?

Thanks

[WDIK]

When you indicate that "[t]he deposit was made in 2006 and was recorded on the 2006 tax filing for the client rather than the 2005" are you saying that the contribution was deducted on the 2006 corporate tax return, but was not reported on any Form 5500?

Also, what is the approximate value of the entire trust?

[MBCarey]

It was not reported on the 5500 but was reported on the corporate tax return.

The approximatevalue ofthe trust is 1,289,241.30