501(c)(3) forms?

[Santo Gold]

I have a non-profit that sponsors a 401(k) plan. They have had over 100 participants for several years and have had the independent audit for the 5500 prepared for those years as well. This year, the accountant has told the employer that they will also need to have their "501©(3)" forms completed not only for the 401(k) plan, but also for the company's life insurance and short-term disability policies.

Any idea what this means?

I went to irs.gov and did not see any forms labeled as 501©(3) forms.

Maybe the accountant means that they need to file 5500's for insurance and disability policies, but why would he include the 401k plan in that phrasing when he knows that is already being filed every year?

Any advice is appreciated.

[mbozek]

I have a non-profit that sponsors a 401(k) plan. They have had over 100 participants for several years and have had the independent audit for the 5500 prepared for those years as well. This year, the accountant has told the employer that they will also need to have their "501©(3)" forms completed not only for the 401(k) plan, but also for the company's life insurance and short-term disability policies.

Any idea what this means?

I went to irs.gov and did not see any forms labeled as 501©(3) forms.

Maybe the accountant means that they need to file 5500's for insurance and disability policies, but why would he include the 401k plan in that phrasing when he knows that is already being filed every year?

Any advice is appreciated.

Why not ask the accountant what he is talking about since obviously what was said was lost in translation? Maybe he means the 990 tax form that is filed by the employer.

[K2retire]

Is the accountant saying that this non-profit has never gotten their 501©(3) approval to be considered at non-profit?

[Santo Gold]

Is the accountant saying that this non-profit has never gotten their 501©(3) approval to be considered at non-profit?

I'm not sure what the accountant means. My contact at the company initially emailed me as follows:

"Our auditor has stated that we need to fill them [501c3 forms] out not only for our 401k but also our short term disability and our life insurance policies."

This organization has been around for many years and have had the 401k plan for 13 years. I hope they are not just now pondering if they are in fact a 501c3 organization.

As mbozek recommended, I went back to check with what exactly the accountant is trying to say but have not heard back yet.