Tom Posted June 13 Share Posted June 13 We were asked to prepare Form 5500 for a long-ago frozen 403(b) plan for a small group of nuns. We filed the 2022 5500 but the 8955 never crossed my mind like it does for all our 401(k) plans. The nuns ran an organic farm. It stopped operations long ago and they are all very elderly. So I supposed they terminated employment and probably would/should have been reported on 8955 some years back. Not knowing if they have been we could report them now for 2023. Thoughts? Thank you Link to comment Share on other sites More sharing options...
Carol V. Calhoun Posted June 13 Share Posted June 13 You say the plan covered nuns. Was it a church plan? If so, it is not required to file Forms 5500 or 8955 unless it elected to be covered by ERISA, which very few church plans do. Sabrina1, ESOPMomma, Gina Alsdorf and 1 other 4 Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now