Chey1999 Posted March 17, 2015 Posted March 17, 2015 Hi Does a new plan that had no assets need to file a 5500 S/F. For example, a 401(k) setup from 12/1 - 12/31/14 but nobody contribute during this period.
ETA Consulting LLC Posted March 17, 2015 Posted March 17, 2015 Yes. There are still 5500 participant counts; even though no one actually contributed. Even if not required (for some reason that I cannot imagine), it would still be a good idea to file it. Good Luck! CPC, QPA, QKA, TGPC, ERPA
Flyboyjohn Posted March 17, 2015 Posted March 17, 2015 I'd be inclined to "correct" the effective date...
My 2 cents Posted March 17, 2015 Posted March 17, 2015 I don't work with 401(k) plans, but how much work could it take to prepare and file a 5500-SF for a new 401(k) plan with no assets - half an hour? Was there a reason for adopting a 401(k) plan, intended to have a calendar year plan year, with an effective date of December 1? Is there the intention of making a delayed profit-sharing contribution after the end of the short year but deducting it in the fiscal year containing the short year? Always check with your actuary first!
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