NJ Harrington Posted February 24, 2022 Posted February 24, 2022 Solo 401k rolls all money in the 401k into a SEP IRA n 2019. 1099R issued, but 401k administrators does not file a Final Form 5500. Does anyone know how to correct this now?
Bri Posted February 24, 2022 Posted February 24, 2022 1. Confirm plan was actually terminated by company action, like a resolution. So that 2019 is really the last year of the plan, rather than it continuing to exist with $0 assets. 2. https://www.irs.gov/retirement-plans/penalty-relief-program-for-form-5500-ez-late-filers has the steps for what/how to file and pay the much cheaper penalty. Bill Presson 1
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