5500 ez or SF

[Tom Poje]

Accroding to the IRS newsletter

http://www.irs.gov/pub/irs-tege/epn_2011_9.pdf

File Your One-Participant Plans Electronically Using Form 5500-SF; They Are Now Excluded from Online Search Database

Beginning January 1, 2012, Form 5500-SF information for “one-participant plans” will not be available to the public on

DOL’s website.

I guess the questiion is do they mean after that date any SF that is checked one particpant plan is not available, or do they mean begining with 2012 filings.

[rcline46]

Most of our one participant plans will not want to go thru the hassle of getting and remembering the efast credentials.

[chc93]

The question we have is that the IRS Employee Plan News doesn't quite agree with the 2011 Form 5500-SF instructions. For one-participant plans, the instructions contain the following note:

*************

Note. Information filed on Form 5500-EZ is required to be

made available to the public. Form 5500-SF is open to public

inspection and the contents are public information subject to

publication on the Internet.

*************

The only thing that the IRS is apparently saying is that the one-participant SF will not be on the online database. But the DOL controls the online database... so what if the DOL feels that since the SF is open to public inspection, decides that it should be available on the online database... Am I concerned about nothing?

[Tom Poje]

Rcline:

you no longer have to remember the logi, at least that is my understanding (and at least how FT William works.Once signed up, its there)

secondly, depending on the client, you can always 'sign' for them just like you might for other clients.

chc93:

I think technically even the EZ form is available for inspection, it's simply that it won't be available on the internet. in addition, the instructions you point out were written before this DOL change in policy was announced.