Peter Gulia Posted February 8, 2021 Posted February 8, 2021 Before 2020, partnership A maintained a single-employer individual-account retirement plan for its employees (including those of its partners who are deemed employees). In 2020, partnership A amended its plan to allow participation by partnership B (for those of its partners who are deemed employees and for employees, if any). Partnership B is a new-formation startup. There is no transfer of assets or liabilities from a plan of B into A’s plan. The two partnerships—while separate artificial persons—are a § 414(m) affiliated service group. The plan’s governing documents specify partnership A as the plan’s sponsor, administrator, and trustee. The documents admit partnership B as a participating employer. Is there anything in Form 5500 that calls for reporting the Employer Identification Number of partnership B? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
Bill Presson Posted February 8, 2021 Posted February 8, 2021 Since they are considered a single employer filer, I can't think of anything. If it was a multiple employer plan, then there would be. WCP Luke Bailey 1 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
Peter Gulia Posted February 8, 2021 Author Posted February 8, 2021 Thank you for the quick and good help. If a practitioner with your great knowledge and abilities can't think of it, it isn't to be found. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
Bill Presson Posted February 8, 2021 Posted February 8, 2021 1 hour ago, Peter Gulia said: Thank you for the quick and good help. If a practitioner with your great knowledge and abilities can't think of it, it isn't to be found. Well, that's a very nice compliment, but let's don't get carried away here. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
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