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Posted

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.  

Posted

You're either using incorrect terminology or talking about bundled arrangements--neither of those will get you much of a response around here 

Posted

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

Posted

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.

Posted

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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