Received Settlement money. Final 5500 filed last year.

[jkharvey]

I saw some older threads on this topic, but thought I would see if there is any updated opinion on the matter. Do we need to file F5500 in the year we receive and distribute the settlement money? That is assuming, of course, we can distribute all of it in one calendar year. The final 5500 was just filed in 2012 for a 5/31/2012 final year.

[Lou S.]

How big is the settlement? Unless it is quite large I'd think the fees for reopening a trust, filing an additional year 5500, and distributions to all the participants along with 1099-R would far outwiegh the amount of the check.

[jkharvey]

The settlement is just over $12,000.00.