lisan1025 Posted September 2, 2021 Posted September 2, 2021 We have a plan with an effective date of 1/1/2020 but the plan didn't start contributing until March of 2021 and they are not going to make any Contributions for 2020 so they'll have NO Assets. I believe we still need to file a Form 5500-SF just putting zeros in the financials? Also since nobody has an account balance under 5c on the 5500-SF I assume I put 0 (zero). Client does not want to change the effective date to 1/1/21 which was suggested.
BG5150 Posted September 2, 2021 Posted September 2, 2021 Sure. You had participants, I'd guess. So file it with all zeroes except the participant account. Bill Presson 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
austin3515 Posted September 10, 2021 Posted September 10, 2021 This is so funny, I was just coming out here now to ask this EXACT question, LOL. With respect to BG's answer it seems to me it is the answer that is beyond reproach. Harm comes only to those who do NOT file when it was required - not to those who DO file when it is not required. Anyway, I'm going with it. Austin Powers, CPA, QPA, ERPA
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