5500 due date after plan termination

[Dougsbpc]

A small non-pbgc defined benefit plan with 12/31 year end terminates 11/30/2023. All assets are distributed by 5/31/2024.

1. Since this plan has a 12/31 plan year end, is the 2023 5500 filing date 7/31/2024 as usual? Or is it 6/30/2024 (7 months after the termination date)?

2. Or do you file 2023 by 7/31/2024 and then for the 2024 year by 12/31/2024 (7 months after all assets were distributed)? 

3. Or are there some other filing due dates?

Thank you!

[Bill Presson]

12/31/23 filing deadline is the same as always. Hope you extended. 
 

Final 5500 deadline is 7 months after the end of the month in which all assets were distributed (plus extensions).

[ugueth]

On 9/26/2024 at 2:51 PM, Dougsbpc said:

you file 2023 by 7/31/2024 and then for the 2024 year by 12/31/2024 (7 months after all assets were distributed)

Above is correct

[Cherry Park Advisory]

One thing to watch for is that a plan termination date and a final Form 5500 filing date are not the same thing. Even though the plan terminated in 2023, a final Form 5500 generally isn’t filed until all assets have been distributed and the termination process is complete. In this case, because distributions weren’t completed until 5/31/2024, you’d typically have a short plan year final return for 2024.