jsmith1985 Posted October 15, 2014 Posted October 15, 2014 Which form to file for a self-employed solo 401k plan with one participant (assets over the limit) - Form 5500-SF online OR Paper Form 5500-EZ to avoid public inspection? Previously it was thought that Form 5500-EZ avoided public inspection. But instructions for Form 5500-EZ states that this form is open for public inspection. Would prefer that contact information does not get public. What are my options? Have looked at several posts but have yet to see a definitive answer.Thanks for your help.
Tom Poje Posted October 15, 2014 Posted October 15, 2014 supposedly, by checking the box 'one participant plan' on the SF it prevents the form from being viewed - in other words, it treats the SF like an EZ last time I filed one this way it did not show on the DOL website, so at least last time I checked it was working as it was supposed to.... a lot easier to file electronically.
Bird Posted October 15, 2014 Posted October 15, 2014 Agreed. We do all 1-participant plans as SFs, so we have immediate proof of filing. Way too many cases of EZs not filed. Ed Snyder
jsmith1985 Posted October 15, 2014 Author Posted October 15, 2014 But what does the EZ Form mean when it mentions 'available for public inspection'. This suggests EZ is not as private as some people believe.
chc93 Posted October 16, 2014 Posted October 16, 2014 I agree with your comment. My understanding is that the EZ can be requested from the IRS. It's just not "posted" online for anyone/everyone to see easily/freely. Although I've not heard of anyone requesting an EZ.
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