5500Nerd Posted December 18, 2024 Posted December 18, 2024 A very large PEO that files as a DFE - GIA does not provide the SAR to those who are participating. The participating employers are concerned of being out of compliance for the Plan participants. Has anyone had a remedy such creating their own SAR even though they did not prepare the 5500 or have the Schedule As from the carriers? Has anyone heard of any consequences for the participating employers? Many thanks for your assistance.
Peter Gulia Posted December 18, 2024 Posted December 18, 2024 Read carefully all documents governing the plan AND all agreements between the worksite employer and the professional employer to discern whether they agreed that the worksite employer is responsible to deliver the summary annual report (and perhaps some other plan-administrator communications). This is not advice to anyone. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
5500Nerd Posted December 18, 2024 Author Posted December 18, 2024 I really appreciate your input. Many thanks for taking the time to respond.
Juan Kelly Posted December 20, 2024 Posted December 20, 2024 Who is the Plan Administrator per Form 5500?
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