LAte Deposits disclosed on 5500

[austin3515]

Is anyone using the "Attachment to 2009 Form 5500 SF Line 10a - Schedule of Delinquent Participant Contributions"?

1) If so, why or why not?

2) Is this information the DOL can access electroncially or does a person need to open a pdf file and look at it? For example, will including this form make less likely that the DOL might send a letter inquiring regarding whether or not the late depoit was corrected?

Generally, I prefer to do less work unless there is a compelling reason to do more work. Is there a reason to do this?

[Tom Poje]

well, the one large plan I just did, the auditor included it as part of his opinion. (I must have a good person who looked at the 5500!)

and the DOL website Q and A says one 'may' use this schedule to satisfy the requirements the auditor is required to make.

I suppose if I had been real smart, I would have done a couple of attachments - one for the opinion and another for the schedule, but as it is part of the opinion I am assuming it doesn't matter.

The software issues no warning about an attachment, so I don't think its 'required'

the software will warn about the schedule of assets (which was also part of the auditors report), so that definitely has to be a separate attachment.

I don't see it as being much work, all that is on the report is

amount that was late and the same amount under "corrected outside VFCP"

I don't think it something that is 'access electronically' like the 5500, I would expect the DOL to electronically see the item saying 'late deferrals' and then maybe take the rouble to check for an attachment.

maybe they have has sensisble logic. in the case of the large plan, the assets are over 18 mil, the amount of late deferral was 400, deferrals for the year over 225,000.

[12AX7]

Where in the SF instructions does it reference the "Attachment to 2009 Form 5500 SF Line 10a - Schedule of Delinquent Participant Contributions"?

[david rigby]

Where in the SF instructions does it reference the "Attachment to 2009 Form 5500 SF Line 10a - Schedule of Delinquent Participant Contributions"?

Line 4a of the Schedule H requires an additional table showing the Delinquent Contributions. However, Line 10a on the SF does not require the additional table.

[12AX7]

That's what I thought. Thanks.