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Posted

I just took over a plan who changed their EIN number during '17 (I'm not 100% sure why, but that's irrelevant).  Anyone have any experience on notifying the IRS of this change, so we don't have an issue when filing the Form 5500?

Thanks in advance!

Posted

You said it was irrelevant as to why, but it may be very relevant. Companies don't just "change" EINs. So, if a new company was formed or the company was sold or whatever, you need to make sure the new company is actually legally sponsoring the plan.

William C. Presson, ERPA, QPA, QKA
bill.presson@gmail.com
C 205.994.4070

 

Posted

I don't run into this often, but the past three times I updated that field to signify a change in EIN the client got an IRS letter saying that the plan sponsor either did not file a form (looking for one under the old number) or it was supposed to be checked off that it was first return. 

Handled with a simple letter of explanation but was annoying and client though we had screwed up because of the letter.

Posted

TommyGunn13 is correct.  There will be a letter asking for the 5500 Series for the old EIN.  The IRS has apparently not connected the dots on this, but we live in hope.,

Kristina

Posted

Bill Presson has posed the "real" question here.  It should not be ignored.

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