austin3515 Posted October 8, 2010 Posted October 8, 2010 403(b) Plan's at TIAA tend to have about half of their account balances allocated to terminated participants, none of whom have been reported to SSA before. So now we need to report the new people who terminate on the SSA, I assume? Here's the tricky part, as people take distributions, how do we know which of the sea of people were previously reported on the SSA?? I know we haven't even made it to the 15th but was wondering what I should be telling my 403b clients for whom we're delivering a form 5500? Will there be a follow up for the SSA? Austin Powers, CPA, QPA, ERPA
K2retire Posted October 8, 2010 Posted October 8, 2010 The government knows that those plans have not been required to file before. What would be the harm in reporting distributions for which no balance was previously reported?
david rigby Posted October 8, 2010 Posted October 8, 2010 Is there an SSA requirement for the 2009 plan year? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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