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Posted

Can someone please offer clarification on the final filing deadline for a DB plan with short plan year and extension? The short plan year is for 2020 and the assets were all liquidated on 2/7/2020. That said, without an extension, the 5500 is due by 9/7/2020, right? Also, would the 5558 need to use a plan year end date of 9/7/2020 with an extension date of 11/22/2020. I have researched but did  not find situation with odd dates like this ours. Thanks!

Posted

The deadlines go to the end of the month.  From the instructions:

Short Years. For a plan year of less than 12 months (short plan year), file the form and applicable schedules by the last day of the 7th calendar month after the short plan year ends or by the extended due date, if filing under an authorized extension of time.

Ed Snyder

Posted
On 9/4/2020 at 3:43 PM, Kimberly Valentine-Pierrot said:

However, for final filings you have 7 months from date of liquidation which in this case is 9/7/2020.

Do you have a cite for that?  I thought, and apparently everyone else responding, that it was like any other short year - i..e the end of the month.

Ed Snyder

Posted

I can "cite" the 5500 instructions, I suppose, if that helps:

Short Years. For a plan year of less than 12 months (short plan year), file the form and applicable schedules by the last day of the 7th calendar month after the short plan year ends or by the extended due date, if filing under an authorized extension of time.

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