HipHiro Posted January 24 Posted January 24 It is a Solo 401(k) plan. Both the husband and wife have contributed in the past, but in the past year, just the husband. The balance got over $250K so now they need a 5500-EZ. For the purposes of the form, Part II, Questions 5, what is the number of participants and active participants?
Bill Presson Posted January 24 Posted January 24 If they both have money in the plan and are both still employed, it’s 2 and 2. Bri, SSRRS and Lou S. 3 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
HipHiro Posted January 24 Author Posted January 24 Thanks for the reply! I should have been more clear. Not only has the spouse not contributed, but she doesn't work for the company either.
Bill Presson Posted January 24 Posted January 24 Then seems like 2 and 1 to me. Bri and Lou S. 2 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
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