Amended 5500EZ

I’m handling a takeover plan where assets were incorrectly reported on the 5500. The plan is brokerage-held with separate accounts, but one of the accounts was excluded from the 5500 filings dating back to 2020. I plan to amend the filings, but are there any penalties associated with this type of issue?

There are no penalties for amending a filing.

Your topic is Amended 5500EZ but your post says 5500 and appears to suggest that there are multiple participants.  How you file the amended filings will depend in part on which form was filed for each year, and how was each form filed (electronically, or a paper EZ).  The amended filings can get complicated if there was a change in the form (e.g. a 5500-SF versus 5500-EZ, or a change in how the form was filed.

This link can help you get started: https://www.askebsa.dol.gov/FormSelector/ 

Good luck! and don't hesitate to bill for fixing someone else's work.