Jakyasar Posted August 12 Posted August 12 Did not come across this situation before. Companies A & B are controlled group Company A sponsors plan # 001 They want to add 2 more plans but the want company B to be the sponsor Are the new plans required to be #002 and #003? Thanks
Belgarath Posted August 12 Posted August 12 Without doing additional checking, I'd say #001 and #002.
Bri Posted August 12 Posted August 12 ^^^if plans are identified specifically as a combo of EIN plus PN, that seems logical....
Jakyasar Posted August 12 Author Posted August 12 55 minutes ago, Bri said: ^^^if plans are identified specifically as a combo of EIN plus PN, that seems logical.... Bri, was your response to my or Belgrath's comment?
CuseFan Posted August 12 Posted August 12 You only need to make sure that no EIN/PN combination is repeated. There is no requirement of which I'm aware that mandates sequential plan numbering. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
C. B. Zeller Posted August 12 Posted August 12 14 minutes ago, CuseFan said: You only need to make sure that no EIN/PN combination is repeated. There is no requirement of which I'm aware that mandates sequential plan numbering. The only "requirement" that I have seen is from the 5500 instructions. This is from the instructions to 5500-SF, there is similar (but more complex, addressing DFEs and such) wording on the full 5500. Jakyasar 1 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
Bri Posted August 12 Posted August 12 I thought Belgarath had it right - since the EIN is different you'd start over with 001 and go from there.
CuseFan Posted August 13 Posted August 13 22 hours ago, C. B. Zeller said: from the 5500 instructions Thanks Corey. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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