Chomper Posted June 6, 2018 Posted June 6, 2018 Was interested in knowing which of the major recordkeepers actually file the 5558 for the plan sponsor? Most will prepare and some will actually mail/file.
TPAJake Posted June 6, 2018 Posted June 6, 2018 You're either using incorrect terminology or talking about bundled arrangements--neither of those will get you much of a response around here
Bird Posted June 7, 2018 Posted June 7, 2018 Yeah...in my world, the recordkeeper is just that, a recordkeeper tracking money by source and participant and providing a website, etc. Compliance work, including filings, is done by the third party administrator. But there are bundled providers who do both, so, yes, if they are bundled I would expect them to prep and file the 5558. Ed Snyder
imchipbrown Posted June 7, 2018 Posted June 7, 2018 If you are asking whether you fill one out without actually mailing it, I always mail them in. I also always sign and date, just to know when I did so, even though signing is rarely required.
RatherBeGolfing Posted June 8, 2018 Posted June 8, 2018 I send mine certified/return receipt with a cover letter listing the plan name, EIN, and plan number. The IRS always returns the cover letter but I use it to record when each 5558 was mailed. Whenever the IRS looses a 5558 and sends a love letter to the client claiming there was no extension, I just respond with the cover letter and proof of mailing/receipt and they just adjust their records.
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