AndyH Posted July 21, 2010 Posted July 21, 2010 Below is the validation error report on a 2009 SB that we consider correct and final (sorry I lost the column formatting). The items in bold (my emphasis) are of concern to us. Questions: 1. Do all validation "errors" result in filing rejections? 2. Anybody else having a problem with #14? Our entry is correct but we cannot get rid of the validation error. 3. Are the other messages harmless? Any help/comments on these items would be appreciated. Form Rpt Pg# Rec# Fld# On/Near Line# Message 2009 5500 Sch. SB 42 6 Warning - (DOL I-155SB) The Actuary (Name), Firm Name and Signature Date must be provided on Schedule SB. 2009 5500 Sch. SB 43 6 Warning - (DOL I-158SB) A copy of the signed Schedule SB must be attached in PDF format when a Schedule SB is provided. 2009 5500 Sch. SB 82 14 Warning - (DOL B-686SB) Line 14 must equal Line 2(b) minus the sum of Lines 13(a) and 13(b) divided by Line 3(d)(2) when Line 4 is not checked.2009 5500 Sch. SB 165 22 Warning - (DOL B-691SB) The Weighted Average Retirement Age needs to be attached when line 22 has a value. 2009 5500 Sch. SB 169 24 Warning - (DOL I-127SB) The 'Non Prescribed Actuarial Assumption' needs to be attached when Line 24 is marked Yes. 2009 5500 Sch. SB 171 25 Warning - (DOL I-128SB) The 'Method Change' attachment needs to be attached when Line 25 is marked Yes. 2009 5500 Sch. SB 173 26 Error - (DOL I-120SB) The Schedule of Active Participant Data must be attached when Line 26 is marked Yes. 2009 5500 Sch. SB 180 32a Error - (DOL I-132SB) The 'Schedule of Shortfall Amortization Bases' needs to be attached when Lines 32a or 32b has a value greater than 0. < 8 > validation errors/warnings were reported
abanky Posted July 21, 2010 Posted July 21, 2010 2. I get that error too (for every plan)... I am assuming it's a rounding error. It hasn't affected any of my efilings.
chc93 Posted July 21, 2010 Posted July 21, 2010 2. I get that error too (for every plan)... I am assuming it's a rounding error. It hasn't affected any of my efilings. I thought I heard somewhere that Line #14 should be "truncated" to 2 decimals and not "rounded"... could that be it?
Blinky the 3-eyed Fish Posted July 23, 2010 Posted July 23, 2010 I thought I heard somewhere that Line #14 should be "truncated" to 2 decimals and not "rounded"... could that be it? Yes, that's exactly the reason. This warning won't impede the filing. As for the other bolded "errors", they are because you aren't attaching the attachments in Relius, but probably are doing it in Webclient. If you attach them in Relius, they will go away along with the other attachment warnings. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
AndyH Posted July 23, 2010 Author Posted July 23, 2010 Thanks. The attachments part makes sense but the truncation theory does not work in this case. In this case the percentage for line 14 would be 95.8707%. Line 14 is entered as 95.87. The error message results. p.s. Blinky, abanky is another of the 9.
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