Form 5500 for the 1999 plan year - Final Return--for defined benefit p

[Guest meggie]

If no Schedule B is required for the defined benefit plan's 1999 final return, does it make sense to say that Schedule T is not required? Also for Schedule R, my understanding is that since the plan is not subject to IRC 412 w/r to the final return, then Schedule R would need to be filed only if benefit distributions were made in the final year.

Looking for comments.

Thanks

This is a follow up to my 7/21 question. I called the IRS and discussed Schedule T. The situation we discussed was a DB plan that terminated in 1998 and paid out benefits in 1999. The IRS response was that you can rely on an earlier test date (namely the 1998 information that was used for the 5310 filing) and note that on line 10 of Form 5500. In other words, in order for the plan to remain qualified,(up until the last benefit is distributed) the plan sponsor has to prove the plan met coverage.

[Edited by meggie on 07-25-2000 at 10:34 AM]

[mwyatt]

Two points:

Since this is final return, I imagine that you definitely had benefit payments during 1999 (otherwise not final return) -> Schedule R is filed.

As far as Schedule T goes, plan terminated in 1998; therefore no benefits accrued (or should have accrued) past the prior year termination date. Therefore you should qualify for one of the exceptions (either no HCE benefited or noone benefited).

Hope this is of help.