Form 5500 Count

[coleboy]

I have a plan that started 1/1/2015. It has 1 year of service and 1000 hours for eligibility. It also had open enrollment on 1/1/2015 to allow employees to come in that had worked for another company.

My question is regarding the count on the Form 5500. I have informed them that they need an accountant's report since they are a large plan. They are given me push back on it.

My counts are as follows:

line 5 is 124.

6a(1) 0

6a(2) 115

6b 0

6c 5

6d 120

6g 37

Is there any way around not having to file as a large employer?

Thank you.

[PFranckowiak]

I think your 6a count should be 124, if your line 5 is 124. If the employees entered the plan on 1/1, they are participants as of 1/1 and in the beginning of the plan year count.

[My 2 cents]

My take on this:

If there were more than 100 participants at the beginning of the plan year, you have to file a Form 5500. Unless you qualify for an exemption, you will need an accountant's report.

Note: This plan, being new, could not possibly fall under the 80-120 participant rule. You only get out of filing a full 5500 this year if you actually filed a short form last year. With an effective date of 1/1/15, there is no "last year".

[austin3515]

Note: This plan, being new, could not possibly fall under the 80-120 participant rule. You only get out of filing a full 5500 this year if you actually filed a short form last year. With an effective date of 1/1/15, there is no "last year".

"You just blew my mind"