AmyETPA Posted April 29, 2021 Posted April 29, 2021 Plan reports show funds distributed and it is reflected as a distribution. The following plan year the vendor reflects the funds as unclaimed property and returned back into plan. How is this reflected on the 5500? The funds were also then redistributed and cashed
Bird Posted April 30, 2021 Posted April 30, 2021 (I think) we'd normally do the first part as a negative distribution; if redistributed it nets out and I see no problem. If there are no distributions and it's not redistributed you'd wind up with a negative distribution amount...not sure if that will be accepted or not. We might do it as other contributions in that case. Ed Snyder
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