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403(b)(1), 5500, and small plan


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Guest Key Lime Pie
Posted

We have a 403(b) plan with < 100 ee's, that is marked code 2L for 403(b)(1) arrangement. Looking at 2009 SF instructions, it almost seems like no 5500 is required for 2009? previously, we attached a letter to ebsa indicating that as a 403(b)(1) plan, not all items needed to be filled out. there was also a very abbreviated SAR sent to ee's with next to no info in it. do we do nothing now?

Posted

Your post does not contain enough facts. Did you file a 5500? Are you taking the position that the assets are nonreportable under the DOL FABs? Is the plan subject to ERISA? Does the plan have current contributions? What is abbreviated in the SAR? What, specifically, are you asking about when you ask whether there is anything else to do? Reporting, disclosure, minimum standards, fiduciary duties? Did you receive a response to your letter to the DOL?

Thomas L. Geer, J.D., LL.M.

Benefit Plan Solutions

Blog: http://401k-403b-457-plansblog.blogspot.com/

Email: geertom@gmail.com

Phone & Fax: (888) 315-6720

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