JHalligan Posted September 14, 2022 Posted September 14, 2022 I have a client with an individual 401(k) that has not reached the 250k threshold in that plan; however, he does have a DB plan for the same business, that is over 300k. The person who administers that plan and files that 5500 stated that I should be filing a 5500 for the 401(k), due to aggregated assets in both plans. He has not made contributions in several years, as the business was dormant. Do I need to file a 5500 for the 401(k)?
Popular Post Bird Posted September 14, 2022 Popular Post Posted September 14, 2022 yes CuseFan, Bill Presson, Bri and 2 others 5 Ed Snyder
CuseFan Posted September 14, 2022 Posted September 14, 2022 And a filing was due for each plan the FIRST year that COMBINED assets exceeded $250,000, so make sure there aren't any delinquent filings requiring correction. Luke Bailey and Lou S. 2 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
ratherbereading Posted September 14, 2022 Posted September 14, 2022 Yes you do! Luke Bailey 1 4 out of 3 people struggle with math
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