Back to back short years

[Dazednconfused]

Hi,

A plan has a year end of 9/30, it amended for a short plan year to 6/30, and changed year end to 12/31. So one 5500 filing will be 10/1/07 through 6/30/08, then one for 7/1/08 through 12/31/08. Is it permissible to have two short plan years back to back? I cant seem to find much on the subject.

Thanks in advance.

Jason

[Guest Robin.Wolf]

Hi,

A plan has a year end of 9/30, it amended for a short plan year to 6/30, and changed year end to 12/31. So one 5500 filing will be 10/1/07 through 6/30/08, then one for 7/1/08 through 12/31/08. Is it permissible to have two short plan years back to back? I cant seem to find much on the subject.

Thanks in advance.

Jason

What kind of Plan is it? (DB, money purchase, 401(k)....)

[Dazednconfused]

Hi,

A plan has a year end of 9/30, it amended for a short plan year to 6/30, and changed year end to 12/31. So one 5500 filing will be 10/1/07 through 6/30/08, then one for 7/1/08 through 12/31/08. Is it permissible to have two short plan years back to back? I cant seem to find much on the subject.

Thanks in advance.

Jason

What kind of Plan is it? (DB, money purchase, 401(k)....)

A DC plan, 401k...

[PensionPro]

Service approval is not required to change the plan year of a plan that is not subject to section 412. Rev. Proc. 87-27.

[PensionPro]

However, you still have to be in compliance with §1.401(a)(4)-5.