Wrong Plan name on 5558--what to do

[BG5150]

Plan name is different than employer name.  But we filed the 5558 with the ERs name as both the ER and plan names.

For example:

Employer:  Connecticut Fencing Company

Plan name:  Fences 'R' Us 401(k) Plan

5558 filed with plan name:  Connecticut Fencing Company 401(k) Plan

EIN and PN are correct.  Will we have a problem?  Software is giving me a warning.

[david rigby]

1.  File an amended form?

2.  On next year's filing, use Line 4 to "change" the plan name?

[ColdBru]

1 hour ago, david rigby said:

1.  File an amended form?

2.  On next year's filing, use Line 4 to "change" the plan name?

I'm in a similar boat but haven't filed the 5500 yet. Is the plan name really important for the filing? I'm planning on doing #2 next year anyways as I'm switching providers and want to switch my plan name.

[ESOP Guy]

My guess is if you get a letter you can explain it in a letter.  I know I have explained the wrong EIN once years ago that way and the IRS was fine. 

 

[Bill Presson]

Wrong on 5500 or 5558?

 

Either way, I think you’re okay as long as the EIN and PN are correct. 

[BG5150]

Wrong on the 5558.

[BG5150]

Sorry, just realized the OP was way misleading.  Edited.
 

This all has to do with, and only with, the 5558.  No 5500 or 8955....