Off Calendar-Short Plan Year

[Guest MS TPA]

An Off-Cal plan (09/1 thru 8/31) was a start up on 05/01/09. Should the short plan year be for 2008? Otherwise, there will be 2 5500s for 2009…… Please advise.

[david rigby]

That Q has probably already been answered in the plan document itself. Do you know any way to retroactively change a plan year definition?

Yes, it's possible to have two plan years beginning in the same calendar year. Check 5500 instructions.

[austin3515]

I would also do two 2009 forms, primarily to faciliate the efiling. Interesting question.

I suspect you realize your 5500 is late?

[Guest MS TPA]

Oh yes, DFVC Check Request is being processed-

[Guest Sieve]

Just because plan started 5/2009 doesn't mean that the first year is a short year. As suggested, look to plan definition and see if it meantions that there is a short year through 8/31/2009, or whether 1st year was 9/1/2008 through 8/31/2009.