5500 due date

[cdavis25]

A Plan B was merged into a Plan A with a resolution effective 1/3/2012. The assets were not retitled at the vendor. The assets physically transferred from the old vendor to the new vendor in July 2012. What is the due date of the final 5500 for Plan B?

[ETA Consulting LLC]

As soon as possible. It's not a 7 month because you're looking at the deadline for a 'final' return.

Good Luck!

[cdavis25]

ERISAtoolkit, I did not understand your response. I was thinking the assets and liabilities of Plan B transferred to Plan A on 1/3/12 via the resolution. They have a short Plan year for 2012 (1/1 - 1/3). So, the final 5500 would be due by 8/31/12. Does anyone agree or disagree?

[Tom Poje]

the instructions for the form 5500 SF (page 9)

Example:

Merger/Consildation : a final return/report should be filed for the plan year (12 months or less) that ends when all plan assets were legally transferred to the control of another plan.

[Bird]

ERISAtoolkit, I did not understand your response. I was thinking the assets and liabilities of Plan B transferred to Plan A on 1/3/12 via the resolution. They have a short Plan year for 2012 (1/1 - 1/3). So, the final 5500 would be due by 8/31/12. Does anyone agree or disagree?

I agree. To me, the merger date is the legally transferred date.

[david rigby]

transfer of assets is irrelevant. ownership of assets is relevant.

[Guest adric]

The assets were not retitled at the vendor. The assets physically transferred from the old vendor to the new vendor in July 2012. What is the due date of the final 5500 for Plan A?

[BG5150]

On January 4, who was able to make financial transactions on the funds? Trustee/Administrator for A or B?