JKW Posted October 6, 2015 Posted October 6, 2015 I have a money purchase plan that was effective on 1/1/14. They ended up without prevailing wages in 2014 so they did not fund the plan. Do I still file a 5500 with 0 dollars and 0 active and total participants? Thanks.
JKW Posted October 6, 2015 Author Posted October 6, 2015 That is what I thought. The software is giving an error - assuming a final return b/c there are no assets and no participants at year end.
ESOP Guy Posted October 6, 2015 Posted October 6, 2015 I am with recine46--- why do you think there aren't participants as opposes to there being participants but they merely don't have balances>
Mike Preston Posted October 6, 2015 Posted October 6, 2015 Usually compensation is included only to the extent it comes from prevailing wage jobs, but eligibility isn't. Are you sure?
ESOP Guy Posted October 6, 2015 Posted October 6, 2015 Did anyone enter the plan--ie meet the eligibility requirements? If so don't you have participants?
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