February plan termination

[R. Butler]

Calendar year plan terrminates in December 2014, but assets remained at 12/31/14.

Plan had individual brokeage accounts. The last assets were rolled out of the plan in February. We just found that out. It is my understanding that the final 5500-SF was due by 09/30.

I am hoping to avoid the $60 DFVCP penalty (we will get it filed tomorrow). We filed for an extension on the 12/31/14 filing. Any argument that that extension woud extend the 2015 short year return also? I don't really believe that it does, but I'm hoping that I am wrong.

Thanks in advance for any guidance.

[Lou S.]

Are you sure there weren't any residual dividends hit the accounts in March and got swept out?

[R. Butler]

That is a good thought; I should have thought of that.

There very likely were residual dividends paid in a later month. I will check with the client about that.

Thank you.