Final Form 5500 - Payables/Liabilites?

[imchipbrown]

401(k) Plan terminates a/o 12/31/20.  Two payrolls are receivable a/o 12/31 and hit the participant's individual brokerage accounts in January.  This is a partnership with Safe Harbor 3% NEC, so partners' shares and 3% amount are TBD.  All rollovers/distributions are in process with a hopeful close-out date of 2/28/21.

I don't think I can do a Final Return for 2020 showing "liabilities" to zero out the ending account balances, especially when partners' final number is unknown.  I think the final is a 2021 Form 5500.

Anyone disagree?

[shERPA]

No disagreement here.

[Mike Preston]

Nor here.