5500-SF or 5500-EZ

[drakecohen]

If the rank and file employee terminates and gets paid out during 2022 leaving only the owner/sponsor as a plan participant as of 12/31/22 would the filing

for 2022 be a 5500-SF or 5500-EZ? Would it matter if the terminated participant got a contribution for 2022 thus benefiting under the plan for 2022?

[WDIK]

If a nonowner employee is a participant at any point during the plan year, Form 5500-SF should be used.