Required Form 5500 For Under $250,000?

[Stash026]

Is it still accurate that if a Plan has less than $250,000 in assets they don't have to file a Form 5500?  I know I've heard it before, but I don't see it in the instructions for the forms.

Thanks in advance!

[Bill Presson]

It's only for an owner only plan.

https://www.irs.gov/retirement-plans/financial-advisors-are-assets-in-your-clients-one-participant-plans-more-than-250000

https://www.irs.gov/instructions/i5500ez

[Stash026]

But that only applies to an EZ, right?  If it's a plan filing a standard Form 5500 or a Form 5500-SF, they need to be filed regardless of the asset amount?

[Bill Presson]

28 minutes ago, Stash026 said:

But that only applies to an EZ, right?  If it's a plan filing a standard Form 5500 or a Form 5500-SF, they need to be filed regardless of the asset amount?

Correct.

[thepensionmaven]

An accountant recently mentioned to me that husband and wife, even if husband owns 100?%, attribution would apply.