BT Posted October 24, 2018 Posted October 24, 2018 At the end of the plan year, a sponsor must file a Form 5500-EZ for each of their one-participant plans when the total combined assets of all one-participant plans the sponsor maintains are greater than $250,000. I’m pretty sure I know that the answer to the following question is “No,” but I’d like to ask it anyway just to be sure. For purposes of calculating the total combined assets, is a SEP IRA included in the calculation?
Mike Preston Posted October 24, 2018 Posted October 24, 2018 22 minutes ago, BT said: At the end of the plan year, a sponsor must file a Form 5500-EZ for each of their one-participant plans when the total combined assets of all one-participant plans the sponsor maintains are greater than $250,000. I’m pretty sure I know that the answer to the following question is “No,” but I’d like to ask it anyway just to be sure. For purposes of calculating the total combined assets, is a SEP IRA included in the calculation? I don't think so.
Larry Starr Posted October 25, 2018 Posted October 25, 2018 5 hours ago, Mike Preston said: I don't think so. I'd go a little further out on that limb..... NO. Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
BT Posted October 25, 2018 Author Posted October 25, 2018 Thanks Larry. I appreciate the clarification. Now I'm sure about how to proceed.
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