JBones Posted October 13, 2011 Posted October 13, 2011 Assuming all the other requirements are met, when determining whether or not a plan has to file a Form 5500EZ due to having assets under $250,000, is that number based on the actual assets at 12/31/2010 or does it include accrued contributions for the year. Example, plan has $225,000 in assets at 12/31/2010 and contributes $30,000 during 2011 for the 2010 plan year. EOY cash basis assets = $225,000, EOY accrual basis assets = $255,000. Is this plan required to file?
ETA Consulting LLC Posted October 13, 2011 Posted October 13, 2011 Wouldn't hurt to file; wouldn't hurt not to file. I use actual assets in the trust as of year end (not the accrual method). In all instances, if I am uncertain, I would play it safe and file. But you don't have to. Good Luck! CPC, QPA, QKA, TGPC, ERPA
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