Pixie Posted July 17, 2014 Posted July 17, 2014 We have a plan that terminated with a lost participant. The assets for this participant reverted back to the plan sponsor. The participant was found three years later. The plan sponsor will pay them. We will probably outsource the distribution. Is there any necessary plan reporting?
Lou S. Posted July 17, 2014 Posted July 17, 2014 Other than a 1099-R for the participant I'm not sure what there would be to report.
david rigby Posted July 17, 2014 Posted July 17, 2014 There will be a question about what EIN to use on the 1099-R: - EIN for the trust? (which no longer exists). - EIN for the ER? (simplest answer, but may not be technically correct for a plan distribution that is roll-able.) There have been a few related discussion threads on that topic. (no opinion offered here.) Perhaps the Search feature will help you find relevant comments. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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