Final 2019 5500

[Chippy]

Two questions,   I have a final form 5500-SF to file for 2019.   The issue is there was an additional $5.29 in residual earnings that posted to the account after all the participants were paid out and the money was returned to the company in January 2020.    Can I accrue for this on the 2019 5500-SF and mark it final, or will I need to prepare a 2020 5500-SF and that will be the final one.   

Next question,  

Large plan terminated as of 9/30/2018.    Large plan audit was done for 2018, participants were paid out in 2019.     Does the plan require another audit for 2019, no contributions, just distributions,  if not, do I file a Schedule H again for 2019 but with out the audit attached?    I've never come across this issue before. 

Thanks for your help

[ESOP Guy]

I can't cite anything for question 1 but we rarely file a 5500 for amounts that small.   My guess is if someone wanted to comply to the letter of the law you are supposed to file a 5500 for 2020. 

You need an auditor's report for your question 2.  It is based on beginning employee count and there is no getting around it.  

[Bird]

I agree with ESOP guy on both counts.  More specifically for the first Q, we'd show it as an asset with an offsetting liability on the plan's balance sheet, but all 0s on the 5500SF.  I don't want to take a chance with "the system" rejecting it for having assets at the end of the year.