Cathy from Chicago Posted December 19, 2000 Posted December 19, 2000 This year we installed a MP plan and a SEP (using proper prototype)in '99, both one person plans - in '99 and this year, he contributed $30,000. SEP is now valued over $200,000 due to rollovers, making assets of both plans greater than $100,000. Does a 5500EZ need to be filed due to the SEP or does the EZ requirement refer simply to 'real' qualified plans? Thanks.
Mary Kay Foss Posted December 19, 2000 Posted December 19, 2000 Form 5500-EZ is not required for a SEP. When the MP is over $100,000 you'll need to file for it. Mary Kay Foss CPA
Cathy from Chicago Posted December 19, 2000 Author Posted December 19, 2000 Thanks for your quick response!
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