bzorc Posted August 29, 2023 Posted August 29, 2023 Had a plan subject to audit for 2022, that showed 120 active participants as of 12/31/22, but only 95 with balances. Plan is now fully liquidated this year. How would you report this on a 2022 Form 5500 for the short final year in 2023? Don;t have a box for participants with balances as of 1/1/23.
WDIK Posted August 29, 2023 Posted August 29, 2023 What was the liquidation date? If the timing were to work out with an extended filing due date, I would wait until the 2023 is available. If not, I don't have a great suggestion. Luke Bailey 1 ...but then again, What Do I Know?
bzorc Posted August 30, 2023 Author Posted August 30, 2023 Short Year End is 5/31/23, due 12/31/23, extend to 3/15/24. Doable, I reckon.... Or.... File a Form 5500-SF for the short year, and show the active participants as of the beginning of the as 95. Think IRS/DOL might have an issue with that?
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